Using the tables in Exhibits 26-3 and 26-4, determine the present value of the following cash flows, discounted at an annual rate of 15 percent. (Round "PV factors" to 3 decimal places. Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) a. $10,300 to be received 20 years from today. b. $14,000 to be received annually for 10 years.. c. $7,500 to be received annually for five years, with an additional $12,000 salvage value expected at the end of the fifth year. d. $34,000 to be received annually for the first three years, followed by $20,000 received annually for the next two years (total of five years in which cash is recenjed). Transaction a Transaction b Transaction c Transaction d Present Value Check m Number of Periods Present Value of $1 Due in n Periods Discount Rate Periods 1% 11% 5% 6% 8% (n) 10% 12% 15% 20% 990 985 952 943 926 909 893 870 833 2 980 971 907 890 857 826 797 756 694 3 971 956 864 840 794 751 712 658 579 4 961 942 823 .792 735 683 636 572 482 951 928 784 747 681 621 567 497 402 6 942 915 746 705 630 564 507 432 335 7 933 901 711 665 583 513 452 376 279 8 923 888 677 627 540 467 404 327 233 9 914 875 645 592 500 424 361 284 194 10 905 862 614 558 463 386 322 247 162 20 820 742 377 312 215 149 104 061 026 24 788 700 310 247 158 102 066 035 013 36 .699 585 173 123 063 032 017 007 001 EXHIBIT 26-4 Present Value of a $1 Annuity Receivable Each Period for n Periods Number of Present Value of $1 to Be Received Periodically for n Periods Discount Rate Periods 1% 11% 5% (n) 6% 8% 10% 12% 15% 20% 0.990 0.985 0.952 0.943 0.926 0.909 0.893 0.870 0.833 2 1.970 1.956 1.859 1.833 1.783 1.736 1.690 1.626 1.528 3 2.941 2.912 2.723 2.673 2.577 2.487 2.402 2.283 2.106 4 3.902 3.854 3.546 3.465 3.312 3.170 3.037 2.855- 2.589 S 4.853 4.783 4.329 4.212 3.993 3.791 3.605 3.352 2.991 6 5.795 5.697 5.076 4.917 4.623 4.355 4.111 3.784 3326 7 6.728 6.598 5.786 5.582 5.206 4.868 4.564 4.160 3.605 8 7.652 7.486 6.463 6.210 5.747 5.335 4.968 4.487 3.837 9 8.566 8.361 7.105 6.802 6.247 5.759 5.328 4.772 4.031 10 9471 9.222 7.722 7.360 6.710 6.145 5.650 5019 4.192 20 18.046 17.169 12.462 11.470 9.818 8.514 7469 6259 4570 24 21.243 20.030 13.799 12.550 10.529 8.955 7.784 6.434 4.937 36 30.103 22.661 16.547 14.621 11.717 9677 8.192 6623 4.993