Vancouver Shakespearean Theater's board of directors is considering the replacement of the theater's lighting system. The old system requires two people to operate it$,$ but the new system would require only a single operator. The new lighting system will cost $$43,200$ and save the theater $$9,000$ annually for the next eight years.

Use Appendix A for your reference.

Note: Use appropriate factor$($s$)$ from the tables provided.

Required:

$1-$a$.$ Prepare a table showing the proposed lighting system's net present value for each of the following discount rates: $8$ percent, $10$ percent, $12$ percent, $14$ percent, and $16$ percent.

$1-$b$.$ Based on your findings in requirement $1-$a$.,$ Which statement is true?

Complete this question by entering your answers in the tabs below.

Prepare a table showing the proposed lighting system's net present value for each of the following discount rates: $8$ percent, $10$ percent, $12$ percent, $14$ percent, and $16$ percent.

Note: Round "Annuity Discount Factor" to $3$ decimal places. Negative amounts of "Net Present Value" should be indicated by a

$\backslash$table$[[$Discount Rate,$\backslash$table$[[$Annuity$],[$Discount$],[$Factor$]],\backslash$table$[[$Annual$],[$Savings$]],\backslash$table$[[$Present Value of$],[$Annual Savings$]],\backslash$table$[[$Acquisition$],[$Cost$]],\backslash$table$[[$Net Present$],[$Value$]]],[8\%,,,,,],[10\%,,,,,],[12\%,,,,,],[14\%,,,,,],[16\%,,,,,]]$