Exercise 12-3 (Algo) Internal Rate of Return [LO12-3] Wendell's Donut Shoppe is investigating the purchase of...

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Exercise 12-3 (Algo) Internal Rate of Return [LO12-3] Wendell's Donut Shoppe is investigating the purchase of a new $52,000 donut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings of $6,900 per year. In addition, the new machine would allow the company to produce one new style of donut, resulting in the sale of 1,800 dozen more donuts each year. The company realizes a contribution margin of $2.50 per dozen donuts sold. The new machine would have a six-year useful life. Click here to view Exhibit 128-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: 1. What would be the total annual cash inflows associated with the new machine for capital budgeting purposes? 2. What discount factor should be used to compute the new machine's internal rate of return? (Round your answers to 3 decimal places.) 3. What is the new machine's internal rate of return? (Round your final answer to the nearest whole percentage.) 4. In addition to the data given previously, assume that the machine will have a $16,835 salvage value at the end of six years. Under these conditions, what is the internal rate of return? (Hint: You may find it helpful to use the net present value approach; find the discount rate that will cause the net present value to be closest to zero.) (Round your final answer to the nearest whole percentage.) 1. Annual cash inflows 2. Discount factor 3. Internal rate of return 4. Internal rate of return % % EXHIBIT 128-1 Present Value of $1. (1+r) Periods 4% 5% 6% 7% 8% 1 0.962 0.952 0.943 0.935 0.926 2 0.925 0907 0.890 0.873 0.857 3 0889 0.864 0.840 0.816 0.794 0.772 4 0.855 0823 0.792 0.763 0.735 0.708 0683 5 0.822 0.784 0.747 0.713 0.681 6 0.790 0.746 0.705 0.666 7 0.760 0.711 0.665 0.623 0.583 8 0.731 0.677 0.627 0.582 9 0.703 0.645 0.592 0.544 0.630 0.596 0.547 0.513 0.540 0702 0.467 0.500 0.460 0.424) 0.650 0.621 0.564 10 11 12 0.625 0.557 0.497 13 0.601 0.530 0.469 14 0.577 0.505 0442 15 0.555 0.481 0.417 0.362 0.315 16 17 18 0.494 0416 0.350 0.130 19 0.475 0.396 20 21 22 0.331 0.456 | 0.377 0.312 0.439 0.359 0.294 0.422 0.342 0.278 23 24 25 26 0.084 0.066 27 28 29 30 0.308 40 0.174 0.231 0.208 0.142 0.097 0.067 0.046 01410.107 0.131 0.099 0.082 0.075 0.032 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 0.917 0909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0847 0.840 0.833 0.826 0.820 0.813 0.806 0.800 0.842 0.826 0812 0.797 0.783 0.769 0.756 0.743 0.731 0.718 0.706 0.694 0.683 0.672 0.661 0.650 0.640 0.751 0.731 0.712 0.693 0.675 0.658 0.641 0.624 0.609 0.593 0.579 0.564 0.551 0.537 0524 0.512 0659 0.636 0613 0.592 0572 0.552 0.534 0.516 0.499 0.482 0.467 0.451 0.437 0.423 0.410 0.593 0.567 0.543 0.519 0497 0.476 0.456 0.437 0.419 0402 0386 0.370 0.355 0.341 0328 0.535 0.507 0480 0.456 0432 0.410 0.390 0.370 0.352 0335 0.319 0303 0.289 0.275 0.262 0.482 0452 0.425 0.400 0376 0.354 0.333 0.314 0.296 0.279 0.263 0.249 0.235 0.222 0.210 0.434 0404 0376 0.351 0327 0.305 0.285 0.266 0.249 0.233 0.218 0.204 0.191 0.179 0.168 0.391 0361 0333 0.308 0.284 0.263 0.243 0.225 0.209 0.194 0.180 0.167 0.155 0.144 0.134 0.676 0.614 0.558 0.508 0.463 0422 0.386 0.352 0.322 0.295 0.270 0.247 0.227 0208 0.191 0.176 0.162 0.149 0.137 0.126 0.116 0.107 0.650 0.585 0.527 0475 0429 0.388 0.350 0.317 0287 0.261 0.237 0215 0.195 0178 0.162 0.148 0.135 0.123 0.112 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.168 0.152 0.137 0.124 0.112 0.102 0.092 0.083 0.076 0.069 0415 0.368 0.326 0.290 0.258 0.229 0.204 0.182 0.163 0145 0130 0.116 0.104 0.093 0.084 0.075 0.068 0.061 0.055 0.388 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0.099 0.08% 0.078 0.069 0.062 0.055 0049 0.044 0.275 0.239 0.209 0.183 0.160 0.140 0.123 0.108 0.095 0.084 0.074 0.065 0.057 0.051 0.045 0.040 0015 0.534 0458 0.394 0.339 0.292 0252 0.218 0.188 0.163 0141 0.123 0.107 0.093 0.081 0.071 0.062 0.054 0.047 0.042 0.036 0.032 0.02% 0513 0.436 0371 0.317 0.270 0.231 0.198 0.170 0.146 0.125 0.108 0.093 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.030 0.026 0.023 0.296 0250 0.212 0.180 0.153 0.11 0.095 0.081 0.069 0.059 0.051 0.044 0.035 0.032 0.028 0.024 0.021 0018 0.277 0.232 0.194 0.164 0.138 0.116 0.098 0.083 0.070 0060 0.051 0.043 0037 0033 0.027 0.023 0.020 0017 0014 0.258 0.215 0.178 0.149 0.124 0.104 0.087 0.073 0.061 0.051 0.043 0.037 0.031 0.026 0.022 0.019 0.016 0.014 0.012 0242 0.199 0.164 0.135 0.112 0.093 0.077 0.064 0.053 0.044 0.037 0.031 0.026 0.022 0.018 0015 0013 0.011 0.009 0.226 0.184 0.150 0.123 0.101 0.083 0.068 0.056 0.046 0018 0.032 0026 0.022 0.018 0.015 0.013 0.011 0.009 0.007 0.406 0.326 0.262 0211 0.170 0.138 0.112 0.091 0.074 0.060 0.049 0.040 0.033 0.027 0.022 0.018 0.015 0.012 0.010 0.009 0.007 0.006 0.390 0.310 0.247 0.197 0.158 0.126 0.102 0.082 0.066 0.053 0.043 0.035 0.028 0.023 0.019 0.015 0.013 0.010 0.00% 0.007 0.006 0.005 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.074 0.059 0.047 0.038 0.030 0.024 0.020 0.016 0.013 0.010 0.009 0.007 0.006 0.005 0.004 0.361 0.281 0.220 0.106 0.172 0.135 0.053 0.042 0.033 0.026 0.021 0.004 0.017 0.014 0.011 0.009 0.007 0.006 0.005 0.003 0.347 0.268 0.207 0.161 0.125 0.098 0.076 0.060 0.047 0.037 0.029 0.023 0.018 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 0.002 0.333 0.255 0.1961 0.150 0.116 0.090 0.069 0.054 0.042 0.033 0.026 0020 0.016 0.012 0.010 0.005 0.006 0.005 0.004 0.003 0.002 0.002 0.063 0.048 0.037 0.321 0.243 0.185 0.029 0.022 0.017 0.006 0.014 0.011 0.008 0.005 0.002 0.004 0.003 0.033 0.026 0.020 0015 0.057 0.044) 0012 0.009 0.007 0005 0.004 0.003 0.003 0.002 0.008 0.005 0.004 0.003 0.002 0.001 0.001 0.022 0.015 0.011 0.103 0.094 0.086 0.002 0.002 0.001 0.002 0.001 0.000 0.000 0.000 0.000 6.000 EXHIBIT 128-2 Present Value of an Annuity of $1 in Arrears, 11-(1/(1+0))) 1 Periods 4% 0.962 5% 6% 0.952 0.943 756 0.935 8% 9% 2 1886 1859 1.833 3 2775 2.723 2.673 2624 + S 6 7 6.002 8 9 10 8111 7.722 11 8.760 8.306 7.887 12 9385 8.863 8.384 13 9.986 9.394 8.853 8.358 14 10.563 9.899 9.295 8.745 15 11.118 10.380 9.712 9.108 16 11.652 10.838 10.106 9.447 17 18 19 20 21 22 23 24 25 26 27 28 30 40 10% 11% 0.926 0.917 0.909 0.901 1.783 1.759 1.736 1713 1.690 1.668 1647 2.577 2.531 2487 2.444 2.402 2.361 2.322 2.283 2.246 2.210 2.174 2.140 2.106 2.074 2.042 2011 1981 1.952 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.102 3.037 2.974 2.914 2.855 2.798 2.743 2.690 2.639 2.589 2.540 2.494 2.448 2404 2.362 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.696 3.605 3517 3.433 3352 3.274 3.199 3.127 3.058 2.991 2926 2.864 2.803 2.745 2689 5.242 5,076 4917 4.767 4.623 4.486 4.355 4231 4.111 3.998 3.389 3.784 3.685 3.589 3.498 3410 3.326 3.245 3.167 3.092 3.020 2.951 5.786 5.582 5.389 5.206 5.033 4.868 4.712 4.564 4423 4.288 4.160 4.039 3.922 3.812 3.706 3.605 3.308 3416 3.327 3.242 1.161 6.733 6.463 6.210 5.971 5.747 5.535 5.335 5.146. 4.968 4.799 4.639 4.487 4344 4.207 4078 3.954 3.837 3,726 3.619 3.518 3.421 3.329 7435 7.108 6.802 6.515 6.247 5.995 5.759 5137 5.328 5.132 4.946 4.772) 4.607 4.451 4.303 4.163 4.031 3.905 3.786 3.673 3.566 3.463 7.360 7.024 6710 6418 6.145 5889 5.650 5.426 5.216 5.019 4.833 4.659 4.494 4339 4.192 4.054 3.923 3.799 3.682 3.571 7.499 7.139 6.805 6.495 6.207 5.938 5.687 5453 5.234 5.029 4.836 4.656 4.486 4.327 4.177 4.035 3.902 3.776 3.656 7.943 7536 7.161 6.814 6.492 6.194 5.918 5.660 5.421 5.197 4988 4.793 4.611 4.439 4.278 4.127 3.985 3.851 3.725 7.904 7.487 7.103 6.750 6424 6.122 5842 5.583 5342 5118 4.910 4.715 4.533 4.362 4.203 4053 3.912 3.780 8.244 7.786 7367 6.982 6628 6.302 6.002 5.724 5.468 5.229 5.008 4.802 4.611 4432 4.265 4.108 3.962 3824 8.559 8.061 7.606 7.191 6.811 6462 6.142 5.847 5.575 5.324 5.092 4.876 4.675 4.489 4.315 4.153 4.001 3.859 8.851 8.313 7.824 7.379 6.974 6.604 6.265 5.954 5.668 5405 5.162 4.938 4.730 4.536 4357 4.189 4.033 3.887 12.166 11.274 10.477 9.763 9:122 8.544 8.022 7549 7.120 6.729 6373 6.047 5.749 5.475 5.222 4990 4.775 4.576 4.391 4.219 4.059 3.910 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.702 7.250 6.840 6467 6.128 5.818 5.534 5273 5033 4.812 4.608 4419 4.243) 4.050 3.928 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.839 7.366 6938 6.550 6.198 5.877 5.584 5.316 | 5.070 4.843 4.635 4.442 4.263 4.097 3.942 13.590 12.462 11.470 10 594 9.818 9.129 8514 7.963 7.469 7.025 6.623 6.259 5.929 5628 | 5.353 5.101 4870 4.657 4.460 14.029 12.821 11.764 10.836 10:017 9.292 8.649 8.075 7.562 7.102 6.687 6.312 5.973 5.665 5.384 5.127 4.891 4.675 4476 14.451 13.163 12.042 11.061 10.201 9.442 8.772 8.176 7.645 7.170 6.743 6.359 6.011 5.696 5.410 5.149 4.909 4.690 | 4.488 14.857 13.489 12.303 11.272 10.371 9.580 8.883 8.266 7.718 7.230 6.792 6.399 6.044 5.723 5.432 5.167 4.925 4.703 4.499 4311 4.137 3.976 15.247 13.799 12.550 11 469 10.529 9.707 8.985 8.348 7.784 7.283 6.835 6.434 6.073 5.746 5.451 5.182 4937 4.713 4.507 4.318 4.143 3981 15.622 14:094 12.783 11.654 10.675 9823 9.077 8.422 7.843 7.330 6.873 6.464 6.097 5.766 5.467 5.195 4.948 4.721 4.514 4.323 14:147 3.985 15.983 14.375 13.003 11.826 10.810 9.929 9.161 8.488 7.896 7372 6.906 6.491 6.118 5.783 5.480 5.206 4.956 4.728 4.520 4.328 4.151 3.9881 16.330 14.643 13.211 11.987 10.935 10.027 9.237 8.548 7.943 7.409 6.935 6.514 6.136 5.798 5.492 5.215 4.964 4.734 4524 4.332 4.154 3.990 16.663 14.898 13.406 12.137 11.051 10.116 9.307 8.602 7.984 7.441 6.961 6.534 6.152 5810 5.502 5.223 4.970 4.739 4.528 4.335 4.157 3.992 29 16.984 15.141 13.591 12.278 11.158 10.198 9.370 8.650 8.022 7470 6.983 6.551 6.166 5.820 5.510 5.229 4.975 4743 4.531 4.337 4.159 3.994 17.292 15.372 13.765 12.409 11.258 10.274 9.427 8.694 8.055 7.496 7.003 6.566 6.177 5.829 5517 5.235 4.979 4,746 4.534 4.339 4.160 3.995 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.951 8.244 7.634 7.105 6.642 6.233 5.871 5.545 5.258 4.997 4.760 4.544 4.347 4.166 3.999 12% 13% 14% 15% 16% 1756 0893 0.885 0877 0870 0.862 0x55 1.626 | 1.605 1585 18% 19% 20% 21% 22% 23% 24% 25% 0.847 0.840 0.833 0.826 0.820 0.813 0.806 0.800 1566 1.547 1.528 1509 1492 1.474 1457 1440 4.279 4.110 3.954 4.292 4.121 3.963 4.302 4.130 3.970 Exercise 12-3 (Algo) Internal Rate of Return [LO12-3] Wendell's Donut Shoppe is investigating the purchase of a new $52,000 donut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings of $6,900 per year. In addition, the new machine would allow the company to produce one new style of donut, resulting in the sale of 1,800 dozen more donuts each year. The company realizes a contribution margin of $2.50 per dozen donuts sold. The new machine would have a six-year useful life. Click here to view Exhibit 128-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: 1. What would be the total annual cash inflows associated with the new machine for capital budgeting purposes? 2. What discount factor should be used to compute the new machine's internal rate of return? (Round your answers to 3 decimal places.) 3. What is the new machine's internal rate of return? (Round your final answer to the nearest whole percentage.) 4. In addition to the data given previously, assume that the machine will have a $16,835 salvage value at the end of six years. Under these conditions, what is the internal rate of return? (Hint: You may find it helpful to use the net present value approach; find the discount rate that will cause the net present value to be closest to zero.) (Round your final answer to the nearest whole percentage.) 1. Annual cash inflows 2. Discount factor 3. Internal rate of return 4. Internal rate of return % % EXHIBIT 128-1 Present Value of $1. (1+r) Periods 4% 5% 6% 7% 8% 1 0.962 0.952 0.943 0.935 0.926 2 0.925 0907 0.890 0.873 0.857 3 0889 0.864 0.840 0.816 0.794 0.772 4 0.855 0823 0.792 0.763 0.735 0.708 0683 5 0.822 0.784 0.747 0.713 0.681 6 0.790 0.746 0.705 0.666 7 0.760 0.711 0.665 0.623 0.583 8 0.731 0.677 0.627 0.582 9 0.703 0.645 0.592 0.544 0.630 0.596 0.547 0.513 0.540 0702 0.467 0.500 0.460 0.424) 0.650 0.621 0.564 10 11 12 0.625 0.557 0.497 13 0.601 0.530 0.469 14 0.577 0.505 0442 15 0.555 0.481 0.417 0.362 0.315 16 17 18 0.494 0416 0.350 0.130 19 0.475 0.396 20 21 22 0.331 0.456 | 0.377 0.312 0.439 0.359 0.294 0.422 0.342 0.278 23 24 25 26 0.084 0.066 27 28 29 30 0.308 40 0.174 0.231 0.208 0.142 0.097 0.067 0.046 01410.107 0.131 0.099 0.082 0.075 0.032 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 0.917 0909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0847 0.840 0.833 0.826 0.820 0.813 0.806 0.800 0.842 0.826 0812 0.797 0.783 0.769 0.756 0.743 0.731 0.718 0.706 0.694 0.683 0.672 0.661 0.650 0.640 0.751 0.731 0.712 0.693 0.675 0.658 0.641 0.624 0.609 0.593 0.579 0.564 0.551 0.537 0524 0.512 0659 0.636 0613 0.592 0572 0.552 0.534 0.516 0.499 0.482 0.467 0.451 0.437 0.423 0.410 0.593 0.567 0.543 0.519 0497 0.476 0.456 0.437 0.419 0402 0386 0.370 0.355 0.341 0328 0.535 0.507 0480 0.456 0432 0.410 0.390 0.370 0.352 0335 0.319 0303 0.289 0.275 0.262 0.482 0452 0.425 0.400 0376 0.354 0.333 0.314 0.296 0.279 0.263 0.249 0.235 0.222 0.210 0.434 0404 0376 0.351 0327 0.305 0.285 0.266 0.249 0.233 0.218 0.204 0.191 0.179 0.168 0.391 0361 0333 0.308 0.284 0.263 0.243 0.225 0.209 0.194 0.180 0.167 0.155 0.144 0.134 0.676 0.614 0.558 0.508 0.463 0422 0.386 0.352 0.322 0.295 0.270 0.247 0.227 0208 0.191 0.176 0.162 0.149 0.137 0.126 0.116 0.107 0.650 0.585 0.527 0475 0429 0.388 0.350 0.317 0287 0.261 0.237 0215 0.195 0178 0.162 0.148 0.135 0.123 0.112 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.168 0.152 0.137 0.124 0.112 0.102 0.092 0.083 0.076 0.069 0415 0.368 0.326 0.290 0.258 0.229 0.204 0.182 0.163 0145 0130 0.116 0.104 0.093 0.084 0.075 0.068 0.061 0.055 0.388 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0.099 0.08% 0.078 0.069 0.062 0.055 0049 0.044 0.275 0.239 0.209 0.183 0.160 0.140 0.123 0.108 0.095 0.084 0.074 0.065 0.057 0.051 0.045 0.040 0015 0.534 0458 0.394 0.339 0.292 0252 0.218 0.188 0.163 0141 0.123 0.107 0.093 0.081 0.071 0.062 0.054 0.047 0.042 0.036 0.032 0.02% 0513 0.436 0371 0.317 0.270 0.231 0.198 0.170 0.146 0.125 0.108 0.093 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.030 0.026 0.023 0.296 0250 0.212 0.180 0.153 0.11 0.095 0.081 0.069 0.059 0.051 0.044 0.035 0.032 0.028 0.024 0.021 0018 0.277 0.232 0.194 0.164 0.138 0.116 0.098 0.083 0.070 0060 0.051 0.043 0037 0033 0.027 0.023 0.020 0017 0014 0.258 0.215 0.178 0.149 0.124 0.104 0.087 0.073 0.061 0.051 0.043 0.037 0.031 0.026 0.022 0.019 0.016 0.014 0.012 0242 0.199 0.164 0.135 0.112 0.093 0.077 0.064 0.053 0.044 0.037 0.031 0.026 0.022 0.018 0015 0013 0.011 0.009 0.226 0.184 0.150 0.123 0.101 0.083 0.068 0.056 0.046 0018 0.032 0026 0.022 0.018 0.015 0.013 0.011 0.009 0.007 0.406 0.326 0.262 0211 0.170 0.138 0.112 0.091 0.074 0.060 0.049 0.040 0.033 0.027 0.022 0.018 0.015 0.012 0.010 0.009 0.007 0.006 0.390 0.310 0.247 0.197 0.158 0.126 0.102 0.082 0.066 0.053 0.043 0.035 0.028 0.023 0.019 0.015 0.013 0.010 0.00% 0.007 0.006 0.005 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.074 0.059 0.047 0.038 0.030 0.024 0.020 0.016 0.013 0.010 0.009 0.007 0.006 0.005 0.004 0.361 0.281 0.220 0.106 0.172 0.135 0.053 0.042 0.033 0.026 0.021 0.004 0.017 0.014 0.011 0.009 0.007 0.006 0.005 0.003 0.347 0.268 0.207 0.161 0.125 0.098 0.076 0.060 0.047 0.037 0.029 0.023 0.018 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 0.002 0.333 0.255 0.1961 0.150 0.116 0.090 0.069 0.054 0.042 0.033 0.026 0020 0.016 0.012 0.010 0.005 0.006 0.005 0.004 0.003 0.002 0.002 0.063 0.048 0.037 0.321 0.243 0.185 0.029 0.022 0.017 0.006 0.014 0.011 0.008 0.005 0.002 0.004 0.003 0.033 0.026 0.020 0015 0.057 0.044) 0012 0.009 0.007 0005 0.004 0.003 0.003 0.002 0.008 0.005 0.004 0.003 0.002 0.001 0.001 0.022 0.015 0.011 0.103 0.094 0.086 0.002 0.002 0.001 0.002 0.001 0.000 0.000 0.000 0.000 6.000 EXHIBIT 128-2 Present Value of an Annuity of $1 in Arrears, 11-(1/(1+0))) 1 Periods 4% 0.962 5% 6% 0.952 0.943 756 0.935 8% 9% 2 1886 1859 1.833 3 2775 2.723 2.673 2624 + S 6 7 6.002 8 9 10 8111 7.722 11 8.760 8.306 7.887 12 9385 8.863 8.384 13 9.986 9.394 8.853 8.358 14 10.563 9.899 9.295 8.745 15 11.118 10.380 9.712 9.108 16 11.652 10.838 10.106 9.447 17 18 19 20 21 22 23 24 25 26 27 28 30 40 10% 11% 0.926 0.917 0.909 0.901 1.783 1.759 1.736 1713 1.690 1.668 1647 2.577 2.531 2487 2.444 2.402 2.361 2.322 2.283 2.246 2.210 2.174 2.140 2.106 2.074 2.042 2011 1981 1.952 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.102 3.037 2.974 2.914 2.855 2.798 2.743 2.690 2.639 2.589 2.540 2.494 2.448 2404 2.362 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.696 3.605 3517 3.433 3352 3.274 3.199 3.127 3.058 2.991 2926 2.864 2.803 2.745 2689 5.242 5,076 4917 4.767 4.623 4.486 4.355 4231 4.111 3.998 3.389 3.784 3.685 3.589 3.498 3410 3.326 3.245 3.167 3.092 3.020 2.951 5.786 5.582 5.389 5.206 5.033 4.868 4.712 4.564 4423 4.288 4.160 4.039 3.922 3.812 3.706 3.605 3.308 3416 3.327 3.242 1.161 6.733 6.463 6.210 5.971 5.747 5.535 5.335 5.146. 4.968 4.799 4.639 4.487 4344 4.207 4078 3.954 3.837 3,726 3.619 3.518 3.421 3.329 7435 7.108 6.802 6.515 6.247 5.995 5.759 5137 5.328 5.132 4.946 4.772) 4.607 4.451 4.303 4.163 4.031 3.905 3.786 3.673 3.566 3.463 7.360 7.024 6710 6418 6.145 5889 5.650 5.426 5.216 5.019 4.833 4.659 4.494 4339 4.192 4.054 3.923 3.799 3.682 3.571 7.499 7.139 6.805 6.495 6.207 5.938 5.687 5453 5.234 5.029 4.836 4.656 4.486 4.327 4.177 4.035 3.902 3.776 3.656 7.943 7536 7.161 6.814 6.492 6.194 5.918 5.660 5.421 5.197 4988 4.793 4.611 4.439 4.278 4.127 3.985 3.851 3.725 7.904 7.487 7.103 6.750 6424 6.122 5842 5.583 5342 5118 4.910 4.715 4.533 4.362 4.203 4053 3.912 3.780 8.244 7.786 7367 6.982 6628 6.302 6.002 5.724 5.468 5.229 5.008 4.802 4.611 4432 4.265 4.108 3.962 3824 8.559 8.061 7.606 7.191 6.811 6462 6.142 5.847 5.575 5.324 5.092 4.876 4.675 4.489 4.315 4.153 4.001 3.859 8.851 8.313 7.824 7.379 6.974 6.604 6.265 5.954 5.668 5405 5.162 4.938 4.730 4.536 4357 4.189 4.033 3.887 12.166 11.274 10.477 9.763 9:122 8.544 8.022 7549 7.120 6.729 6373 6.047 5.749 5.475 5.222 4990 4.775 4.576 4.391 4.219 4.059 3.910 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.702 7.250 6.840 6467 6.128 5.818 5.534 5273 5033 4.812 4.608 4419 4.243) 4.050 3.928 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.839 7.366 6938 6.550 6.198 5.877 5.584 5.316 | 5.070 4.843 4.635 4.442 4.263 4.097 3.942 13.590 12.462 11.470 10 594 9.818 9.129 8514 7.963 7.469 7.025 6.623 6.259 5.929 5628 | 5.353 5.101 4870 4.657 4.460 14.029 12.821 11.764 10.836 10:017 9.292 8.649 8.075 7.562 7.102 6.687 6.312 5.973 5.665 5.384 5.127 4.891 4.675 4476 14.451 13.163 12.042 11.061 10.201 9.442 8.772 8.176 7.645 7.170 6.743 6.359 6.011 5.696 5.410 5.149 4.909 4.690 | 4.488 14.857 13.489 12.303 11.272 10.371 9.580 8.883 8.266 7.718 7.230 6.792 6.399 6.044 5.723 5.432 5.167 4.925 4.703 4.499 4311 4.137 3.976 15.247 13.799 12.550 11 469 10.529 9.707 8.985 8.348 7.784 7.283 6.835 6.434 6.073 5.746 5.451 5.182 4937 4.713 4.507 4.318 4.143 3981 15.622 14:094 12.783 11.654 10.675 9823 9.077 8.422 7.843 7.330 6.873 6.464 6.097 5.766 5.467 5.195 4.948 4.721 4.514 4.323 14:147 3.985 15.983 14.375 13.003 11.826 10.810 9.929 9.161 8.488 7.896 7372 6.906 6.491 6.118 5.783 5.480 5.206 4.956 4.728 4.520 4.328 4.151 3.9881 16.330 14.643 13.211 11.987 10.935 10.027 9.237 8.548 7.943 7.409 6.935 6.514 6.136 5.798 5.492 5.215 4.964 4.734 4524 4.332 4.154 3.990 16.663 14.898 13.406 12.137 11.051 10.116 9.307 8.602 7.984 7.441 6.961 6.534 6.152 5810 5.502 5.223 4.970 4.739 4.528 4.335 4.157 3.992 29 16.984 15.141 13.591 12.278 11.158 10.198 9.370 8.650 8.022 7470 6.983 6.551 6.166 5.820 5.510 5.229 4.975 4743 4.531 4.337 4.159 3.994 17.292 15.372 13.765 12.409 11.258 10.274 9.427 8.694 8.055 7.496 7.003 6.566 6.177 5.829 5517 5.235 4.979 4,746 4.534 4.339 4.160 3.995 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.951 8.244 7.634 7.105 6.642 6.233 5.871 5.545 5.258 4.997 4.760 4.544 4.347 4.166 3.999 12% 13% 14% 15% 16% 1756 0893 0.885 0877 0870 0.862 0x55 1.626 | 1.605 1585 18% 19% 20% 21% 22% 23% 24% 25% 0.847 0.840 0.833 0.826 0.820 0.813 0.806 0.800 1566 1.547 1.528 1509 1492 1.474 1457 1440 4.279 4.110 3.954 4.292 4.121 3.963 4.302 4.130 3.970