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Wk3Hw_NPV1 Acme Corp is considering a project to increase production by expanding the production facility. The company will invest cash at the start of the

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Wk3Hw_NPV1 Acme Corp is considering a project to increase production by expanding the production facility. The company will invest cash at the start of the project then invest in machines a training new employees in the following years while income from increased production is also received. The flowing values are the net cash inflow and outflows. Acme Corpuses a 14% rate of return. Calculate the Net Present Value for the project. Initial Cash Outlay at beginning of project -29.245 Income at end of first year 7,556 Income at end of second year 7.711 Income at end of third year 8,152 Income at end of fourth year 8,026 Use the values from the table below to discount the net cash flow values. The answer is calculated on these discount factors, using the calculator NPV function may result in a slightly different number that the problem will not count as correct. Only round the final answer to the nearest whole dollar amount nir 14% 15% 16% 1 year 0.8696 2 year 12% 0.8929 0.7972 0.7118 0.6355 0.5674 13% 0.8850 0.7831 0.6931 0.6133 0.5428 3 year 0.8772 0.7695 0.6750 0.5921 0.5194 0.7561 0.6575 0.5718 0.4972 0.8621 0.7432 0.6407 0.5523 0.4761 4 year 5 year This problem is a variation of the example on page 286 287 Ch26

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