Williams Company is considering an investment opportunity with the following expected net cash inflows: Year 1, $240,000; Year 2, $165,000; Year 3, $95,000. The company uses a discount rate of 5% and the initial investment is $345,000. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Calculate the NPV of the investment. Should the company invest in the project? Why or why not? Use the following table to calculate the net present value of the project. (Enter any factor amounts to three decimal places, X.XXX.) Net Cash Inflow PV Factor (i = 5%) Present Value Years Present value of each year's inflow: (n = 1) own (n = 2) (n = 3) Total PV of cash inflows Initial investment Net present value of the project i Reference - X 1 Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 10.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 | 0.909 0.893 0.877 0.870 0.862 0.847 | 0.833 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.8570.842 0.826 0.797 0.769 0.756 0.743 0.7180.694 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 0.961 0.924 0.888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 0.933 0.871 0.813 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.3540.3140.279 8 0.923 0.853 0.789 0.731 0.677 0.627 0.5820.540 0.502 0.467 0.4040.351 0.327 0.305 0.266 0.233 9 0.914 0.837 0.766 0.703 0.6450 .592 0.544 0.500 0.460 0.424 0.361 | 0.308 0.284 0.263 0.225 0.194 10 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.270 0.247 0.227 0.191 0.162 0.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.237 0.215 0.1950.162 0.135 0.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.257 0.208 0.187 0.168 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.229 0.1820.163 0.145 0.116 0.093 0.870 0.758 0.661 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.2050.160 0.141 0.125 0.099 0.078 15 0.861 0.743 0.642 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 16 0.853 0.728 0.623 0.534 0.458 0.394 0.339 0.292 0.252 0.218 0.163 0.123 0.107 0.093 0.071 0.054 0.844 0.714 0.605 0.513 0.436 0.371 0.317 0.270 0.231 0.1980.146 0.108 0.093 0.080 0.060 0.045 18 0.836 0.7000.587 0.494 0.416 0.350 0.296 0.250 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 0.820 0.673 0.554 0.456 0.377 0.312 0.258 0.215 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 21 0.811 0.660 0.538 0.439 0.359 0.294 0.2420.1990.164 0.135 0.093 0.064 0.053 0.044 0.031 0.022 22. To 802 10 617 10 500 10 10 10 10 10 270 10 226 10 101 10 150 10 12 1000 Inn56 1010 1020 1026 10 018 OVO AW Print Done A Reference 0001 Present Value of Ordinary Annuity of $1 Periods. 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.990 0.980 0.971 0.962 0.9520.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 1.970 1.942 1.913 1.886 1.859 1.8331.8081.7831.759 1.736 1.6901.6471.626 1.605 1.566 1.528 2.9412.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 3.902 3.808 3.717 3.630 3.546 3.465 3.3873.312 3.240 3.170 3.037 2.914 2.855 2.798 2.6902.589 5 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.111 3.889 3.784 3.685 3.498 3.326 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288 4.160 4.039 3.8123.605 8 7.652 7.325 17.020 6.733 6.463 6.210 5.971 5.747 | 5.535 5.335 4.968 4.639 | 4.487 4.344 | 4.078 3.837 9 8.566 8.1627.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4.946 4.7724.607 4.303 4.031 10 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.494 4.192 10.368 9.7879.253 8.760 8.306 7.8877.499 7.139 6.805 6.495 5.938 5.453 5.234 5.029 4.656 4.327 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 5.421 5.197 4.793 4.439 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.842 5.583 5.3424.910 4.533 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.3676.628 6.002 5.724 5.468 5.008 4.611 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 6.142 5.847 5.575 5.092 4.675 14.718 13.578 12.561 11.652 10.838 10.106 9.447 | 5.954 5.669 5.162 4.730 17 15.562 14.292 13.166 12. 166|11.274 10.4771 9.763 9.122 8.544 8.022 7.1206.373 6.047 5.749 5.222 4.775 18 16.398|14.992 13.754 12.65911.690 10.828 10.059/ 9.372 | 8.7568.201 | 7.250 6.467 | 6.128 5.818 5.273 4.812 19 17.226|15.678 14.32413.134.12.085 11.15810.336 9.604 8.950 8.365 7.366 6.550 6.198 5.877 | 5.316 | 4.844 20 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.469 6.623 6.259 5.929 5.353 4.870 21 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.6497.5626.687 6.312 5.973 5.384 4.891 22 10 AA 17 A50115027111151112102112012111 061/10 2011 01119 770 1 7 915 1 712 10 250 19 11 5 110 ono | Print Done