Which of the following budgets is prepared in "units" only? Multiple Choice Direct Labor Cost Budget Production Budget O Direct Material Purchases Budget Sales Budget Franklin Mountain Corporation is analyzing a capital expenditure that will involve a cash outlay of $146,040. Estimated net cash flows are expected to be $30,000 annually for seven years. The estimated annual net income is expected to be $760,284. The present value factors for an annuity of $1 for 7 years are: 6% 8% 10% 12% 5.582 5.206 4.868 4.564 The internal rate of return (IRR) for this investment is: Multiple Choice 12% 8% 12% ( ) 8% 10% 6% The management of El Rey Corporation is considering the purchase of a new machine costing $400,000. The company's desired rate of return is 10%. The following is information regarding the investment: Net Cash Year Net Income Flow 1 $100,000 $180,000 2 40,000 120,000 3 20,000 100,000 4 10,000 90,000 5 10,000 90,000 The factors for present value of a $1 for 1 through 5 years are: Year 10% factor 1 .909 2 .826 3 .751 4 .683 5 .621 The factors for present value of an annuity of $1 for 1 through 5 years are: Negative $55,200 ) Negative $248.000 Positive $55,200 O Positive $847,130 Positive $36,400