Glamour Accessories is considering an equipment investment that will cost $930,000. Projected net cash inflows over...
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Glamour Accessories is considering an equipment investment that will cost $930,000. Projected net cash inflows over the equipment's three-year the are as follows Year 1: $500,000 Year 2 $390,000 and Year 3: $284,000 Glamour wants to know the equipment's IRR (Click the joon so view the present value annuity table) (Click the icon to view the future value annuity table) Requirement (Click the icon to view the present value factor table) Click the icon to view the future value factor table) Use trial and error to find the IRR within a 2% range (Hint: Use Glamour's hunde rate of 12% to begin the trial-and-error process.) Use a business calculator or spreadsheet to compute the exact IPPL Begin by calculating the NPV at three rates: 12%, 14%, and 16% (Round your answers to the nearest whole dollar Use parentheses or a minus sign for negative net present values) The NPV at 12% is Reference x Present Value of Annuity of $1 Bir Periods 1% 2% 3% 4% 5% Period 1 0.990 0.980 0.971 0.962 Period 2 1.970 Period 3 2.941 Period 4 3.902 Period 5 4.853 5.795 Period 6 6.728 Period 7 Period 8 7.652 Period 9 8.566 Period 10 9.471 10% 8% 12% 6% 0.952 0.943 0.926 0.909 0.893 0.877 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 4.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 5.601 5.417 5.242 5.076 4.917 4.623 4.355 4.111 6.472 6.230 6.002 5.786 5.582 5.206 4.868 4.564 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 8.162 7.786 7.435 7.108 6.802 6.247 5.759 5.328 14% 16% 18% 20% 0.862 0.847 0.833 1.605 1.566 1.528 2.246 2.174 2.106 nu 2.914 2.798 2.690 2.589 3.433 3.274 3.127 2.991 3.889 3.685 3.498 3.326 4.288 4.039 3.812 3.605 4.639 4.344 4.078 3.837 4.946 4.607 4.303 4.031 8.983 8.530 8.111. 7.722 7.360 6.710 6.145 5.650 5.216 4.833 4.494 4.192 Period 11 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6.495 5.938 Period 12 11.255 10.575 9.954 9.385 8.863 8.384 7.536 6.814 6.194 Period 13 12.134 11.348 10.635 9.986 9.394 8.853 7.904 7.103 6.424 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.244 7.367 6.628 Period 15 13.865 12.849 11.938 11.118 10.380 9.712 8.559 7.606 6.811 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.469 6.623 Period 25 22.023 19.523 17.413 15.622 14.094 12.783 10.675 9.077 7.843 6.873 Period 30 25.808 22.396 19.600 17.292 15.372 13.765 11.258 9.427 8.055 7.003 Period 40 32.835 27.355 23.115 19.793 17.159 15.046 11.925 9.779 8.244 7.105 6.177 6.233 5.548 4.997 5.453 5.029 4.656 4.327 5.660 5.197 4.793 4.439 5.842 5.342 4.910 4.533 6.002 5.468 5.008 4.611 6.142 5.575 5.092 4.675 5.929 5.353 4.870 6.097 5.467 4.948 5.517 4.979 Print Done Reference Present Value of $1 Periods 1% 2% 3% 4% 5% 6% Period 1 0.990 0.980 0.971 0.962 0.952 Period 2 0.980 0.961 0.943 0.925 0.907) 0.890 0.857 0.826 0.797 0.769 14% 16% 12% 8% 10% 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 0.743 0.718 0.694 siness ca 18% 20% Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.794 0.751 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.735 0.683 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.681 0.621 0.712 0.675 0.641 0.609 0.579 0.636 0.592 0.552 0.516 0.482 0.567 0.519 0.476 0.437 0.402 nus sign Period 6 0.942 0.888 0.837 0.790 Period 7 0.933 0.871 0.813 0.746 0.760 0.711 Period 8 0.923 0.853 0.789 0.731 Period 9 0.914 0.837 0.766 0.703 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.705 0.630 0.564 0.665 0.583 0.513 0.677 0.627 0.540 0.467 0.645 0.592 0.500 0.424 0.463 0.386 0.322 0.507 0.452 0.400 0.354 0.314 0.279 0.404 0.351 0.305 0.266 0.233 0.361 0.308 0.263 0.225 0.194 0.456 0.410 0.370 0.335 0.270 0.227 0.191 0.162 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.397 Period 13 0.879 0.773 0.681 0.601 Period 14 0.870 0.758 0.661 0.577 Period 15 0.861 0.743 0.642 0.555 0.429 0.350 0.319 0.257 0.530 0.469 0.368 0.290 0.229 0.140 0.108 0.084 0.065 0.505 0.442 0.340 0.263 0.205 0.160 0.125 0.099 0.078. 0.481 0.417 0.315 0.239 0.183 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 Period 25 0.780 0.610 0.478 0.375 0.295 0.233 0.146 0.092 0.059 0.038 0.024 0.016 0.010 Period 30 0.742 0.552 0.412 0.308 0.231 0.174 0.099 0.057 0.033 0.020 0.012 0.007 0.004 Period 40 0.672 0.453 0.307 0.208 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 0.287 0.237 0.195 0.162 0.135 0.208 0.168 0.137 0.112 0.182 0.145 0.116 0.093 Print Done r Accessories is considering an equipment investment that will cost Reference Cl Fire ria alcu Future Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.010 2.020 2.030 2.040 2.050 2.060 2.080 2.100 2.120 2.140 2.160 2.180 2.200 in b Period 3 3.030 3.060 3.091 3.122 3.153 3.184 3.246 3.310 3.374 3.440 3.506 3.572 3.640 for Period 4 4.060 4.122 4.184 4.246 4.310 4.641 4.506 4.375 4.779 4.921 5.066 5.215 5.368 Period 5 5.101 5.204 5.309 5.416 5.526 6.105 5.867 5.637 6.353 6.610 6.877 7.154 7.442 e NP Period 6 6.152 6.3087 6.468 6.633 6.975 6.802 Period 7 7.214 7.434 7.662 7.898 Period 8 8.286 8.892 8.583 9.369 10.462 7.716 7.336 8.923 8.394 8.142 9.549 9.897 10.637 11.436 12.300 9.214 Period 9 9.755 10.159 10.583 11.027 11.491 12.488 13.579 14.776 Period 10 10.950 11.464 12.006 12.578 13.181 14.487 15.937 17.549 11.567 12.169 12.808 13.486 14.207 14.972 16.645 18.531 20.655 Period 11 Period 12 12.683 13.412 14.192 15.026 15.917 16.870 18.977 21.384 24.133 Period 13 13.809 14.680 15.618 16.627 17.713 18.882 21.495 24.523 28.029 Period 14 14.947 15.974 17.086 18.292 19.599 21.015 24.215 27.975 32.393 Period 15 16.097 17.293 18.599 20.024 21.579 23.276 27.152 31.772 37.280 Period 20 22.019 24.297 26.870 29.778 33.066 36.786 45.762 57.275 72.052 91.025 28.243 32.030 36.459 41.646 47.727 54.865 73.106 98.347 133.334 181.871 Period 25 Period 30 34.785 40.568 47.575 56.085 66.439 79.058 113.283 164,494 241.333 356.787 Period 40 48.886 60.402 75.401 95.026 120.800 154.762 259.057 442.593 767.091 1,342.025 2,360.757 4,163.213 7,343.858 790.948 1,181.882 8.115 8.536 8.977 9.442 9.930 9.487 10.089 10.730 11.414 12.142 12.916 13.233 14.240 15.327 16.499 16.085 17.519 19.086 20.799 19.337 21.321 23.521 25.959 25.733 23.045 28.755 32.150 27.271 30.850 34.931 39.581 32.089 36.7861 42.219 48.497 37.581 43.672 50.818 59.196 43.842 51.660 60.965 72.035 115.380 146 628 186.688 249 214 342 603 471.981 530.312 Print Done Reference - X ar Future Value of $1 s calculator Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 1.010 1.020 1.030 1.050 1.040 1.060 1.080 1.120 1.100 1.140 1.160 1.180 1.200 Period 2 1.020 1.040 1.061 1.082 1.103 1.124 1.166 1.210 1.254 1.300 1.346 1.392 1.440 Period 3. 1.030 1.061 1.093 1.125 1.158 1.260 1.191 1.331 1.405 1.561 1.482 1.643 1.728 C sign for negat Period 4 1.041 1.082 1.126 1.170 1.216 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2.074 Period 5 1.051 1.104 1.159 1.217 1.338 1.276 1.469 1.611 1.762 1.925 2.100 2.288 2.488 V Period 6 1.062 1.126 1.194 1.265 1.340 Period 7 1.072 1.149 1.407 1.316 1.230 Period 8 1.083 1.172 1.267 1.369 1.477 1.419 1.587 1.504 1.714 1.594 1.851 1.772 1.974 2.195 2.436 2.700 2.986 1.949 2.211 2.502 2.826 3.185 3.583 2.144 2.476 2.853 3.278 3.759 4.300 Period 9 1.094 1.195 1.305 1.423 1.551 1.689 1.999 2.358 2.773 3.252 3.803 4.435 5.160 Period 10 1.105 1.219 1.344 1.480 1.629 2.159 1.791 2.594 3.106 3.707 4.411 5.234 6.1921 Period 11 1.243 1.116 1.384 1.539 1.710 1.898 2.332 2.853 3.479 4.226 5.117 6.176 7.430 Period 12 Period 13 Period 14 Period 15 1.161 1.127 1.268 1.294 1.138 1.319 1.149 1.346 1.601 1.426 Period 20 1.220 Period 25 Period 30 1.348 Period 40 1.489 2.208 1.486 1.806 2.191 2653 2.666 1.282 1.641 2.094 3.243 2.427 1.811 3.262 4.801 3.386 4.292 3.896 1.796 2.012 2.518 3.452 4.363 2.720 2.133 1.886 1.665 1.469 6.261 7.988 10.147 2.937 3.797 4.887 1.732 1.980 2.261 1.513 9.266 11.974 7.138 5.474 3.172 4.177 1.801 2.079 2.397 1.558 4.661 6.727 9.646 13.743 19.461 27.393- 3.207 6.848 10.835 17.000 26.462 40.874 62.669 4.322 5.743 10.063 17.449 29.960 50.950 85.850 143.371 237,376 7.040 10.286 21.725 45.259 93.051 188.884 378.721 750.378 1,469.772 3.138 4.818 5.936 7.288- 8.916 5.492 6.886 8.599 10.699 12.839 15.407 38.338 95.396 Print Done Glamour Accessories is considering an equipment investment that will cost $930,000. Projected net cash inflows over the equipment's three-year the are as follows Year 1: $500,000 Year 2 $390,000 and Year 3: $284,000 Glamour wants to know the equipment's IRR (Click the joon so view the present value annuity table) (Click the icon to view the future value annuity table) Requirement (Click the icon to view the present value factor table) Click the icon to view the future value factor table) Use trial and error to find the IRR within a 2% range (Hint: Use Glamour's hunde rate of 12% to begin the trial-and-error process.) Use a business calculator or spreadsheet to compute the exact IPPL Begin by calculating the NPV at three rates: 12%, 14%, and 16% (Round your answers to the nearest whole dollar Use parentheses or a minus sign for negative net present values) The NPV at 12% is Reference x Present Value of Annuity of $1 Bir Periods 1% 2% 3% 4% 5% Period 1 0.990 0.980 0.971 0.962 Period 2 1.970 Period 3 2.941 Period 4 3.902 Period 5 4.853 5.795 Period 6 6.728 Period 7 Period 8 7.652 Period 9 8.566 Period 10 9.471 10% 8% 12% 6% 0.952 0.943 0.926 0.909 0.893 0.877 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 4.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 5.601 5.417 5.242 5.076 4.917 4.623 4.355 4.111 6.472 6.230 6.002 5.786 5.582 5.206 4.868 4.564 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 8.162 7.786 7.435 7.108 6.802 6.247 5.759 5.328 14% 16% 18% 20% 0.862 0.847 0.833 1.605 1.566 1.528 2.246 2.174 2.106 nu 2.914 2.798 2.690 2.589 3.433 3.274 3.127 2.991 3.889 3.685 3.498 3.326 4.288 4.039 3.812 3.605 4.639 4.344 4.078 3.837 4.946 4.607 4.303 4.031 8.983 8.530 8.111. 7.722 7.360 6.710 6.145 5.650 5.216 4.833 4.494 4.192 Period 11 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6.495 5.938 Period 12 11.255 10.575 9.954 9.385 8.863 8.384 7.536 6.814 6.194 Period 13 12.134 11.348 10.635 9.986 9.394 8.853 7.904 7.103 6.424 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.244 7.367 6.628 Period 15 13.865 12.849 11.938 11.118 10.380 9.712 8.559 7.606 6.811 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.469 6.623 Period 25 22.023 19.523 17.413 15.622 14.094 12.783 10.675 9.077 7.843 6.873 Period 30 25.808 22.396 19.600 17.292 15.372 13.765 11.258 9.427 8.055 7.003 Period 40 32.835 27.355 23.115 19.793 17.159 15.046 11.925 9.779 8.244 7.105 6.177 6.233 5.548 4.997 5.453 5.029 4.656 4.327 5.660 5.197 4.793 4.439 5.842 5.342 4.910 4.533 6.002 5.468 5.008 4.611 6.142 5.575 5.092 4.675 5.929 5.353 4.870 6.097 5.467 4.948 5.517 4.979 Print Done Reference Present Value of $1 Periods 1% 2% 3% 4% 5% 6% Period 1 0.990 0.980 0.971 0.962 0.952 Period 2 0.980 0.961 0.943 0.925 0.907) 0.890 0.857 0.826 0.797 0.769 14% 16% 12% 8% 10% 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 0.743 0.718 0.694 siness ca 18% 20% Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.794 0.751 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.735 0.683 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.681 0.621 0.712 0.675 0.641 0.609 0.579 0.636 0.592 0.552 0.516 0.482 0.567 0.519 0.476 0.437 0.402 nus sign Period 6 0.942 0.888 0.837 0.790 Period 7 0.933 0.871 0.813 0.746 0.760 0.711 Period 8 0.923 0.853 0.789 0.731 Period 9 0.914 0.837 0.766 0.703 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.705 0.630 0.564 0.665 0.583 0.513 0.677 0.627 0.540 0.467 0.645 0.592 0.500 0.424 0.463 0.386 0.322 0.507 0.452 0.400 0.354 0.314 0.279 0.404 0.351 0.305 0.266 0.233 0.361 0.308 0.263 0.225 0.194 0.456 0.410 0.370 0.335 0.270 0.227 0.191 0.162 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.397 Period 13 0.879 0.773 0.681 0.601 Period 14 0.870 0.758 0.661 0.577 Period 15 0.861 0.743 0.642 0.555 0.429 0.350 0.319 0.257 0.530 0.469 0.368 0.290 0.229 0.140 0.108 0.084 0.065 0.505 0.442 0.340 0.263 0.205 0.160 0.125 0.099 0.078. 0.481 0.417 0.315 0.239 0.183 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 Period 25 0.780 0.610 0.478 0.375 0.295 0.233 0.146 0.092 0.059 0.038 0.024 0.016 0.010 Period 30 0.742 0.552 0.412 0.308 0.231 0.174 0.099 0.057 0.033 0.020 0.012 0.007 0.004 Period 40 0.672 0.453 0.307 0.208 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 0.287 0.237 0.195 0.162 0.135 0.208 0.168 0.137 0.112 0.182 0.145 0.116 0.093 Print Done r Accessories is considering an equipment investment that will cost Reference Cl Fire ria alcu Future Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.010 2.020 2.030 2.040 2.050 2.060 2.080 2.100 2.120 2.140 2.160 2.180 2.200 in b Period 3 3.030 3.060 3.091 3.122 3.153 3.184 3.246 3.310 3.374 3.440 3.506 3.572 3.640 for Period 4 4.060 4.122 4.184 4.246 4.310 4.641 4.506 4.375 4.779 4.921 5.066 5.215 5.368 Period 5 5.101 5.204 5.309 5.416 5.526 6.105 5.867 5.637 6.353 6.610 6.877 7.154 7.442 e NP Period 6 6.152 6.3087 6.468 6.633 6.975 6.802 Period 7 7.214 7.434 7.662 7.898 Period 8 8.286 8.892 8.583 9.369 10.462 7.716 7.336 8.923 8.394 8.142 9.549 9.897 10.637 11.436 12.300 9.214 Period 9 9.755 10.159 10.583 11.027 11.491 12.488 13.579 14.776 Period 10 10.950 11.464 12.006 12.578 13.181 14.487 15.937 17.549 11.567 12.169 12.808 13.486 14.207 14.972 16.645 18.531 20.655 Period 11 Period 12 12.683 13.412 14.192 15.026 15.917 16.870 18.977 21.384 24.133 Period 13 13.809 14.680 15.618 16.627 17.713 18.882 21.495 24.523 28.029 Period 14 14.947 15.974 17.086 18.292 19.599 21.015 24.215 27.975 32.393 Period 15 16.097 17.293 18.599 20.024 21.579 23.276 27.152 31.772 37.280 Period 20 22.019 24.297 26.870 29.778 33.066 36.786 45.762 57.275 72.052 91.025 28.243 32.030 36.459 41.646 47.727 54.865 73.106 98.347 133.334 181.871 Period 25 Period 30 34.785 40.568 47.575 56.085 66.439 79.058 113.283 164,494 241.333 356.787 Period 40 48.886 60.402 75.401 95.026 120.800 154.762 259.057 442.593 767.091 1,342.025 2,360.757 4,163.213 7,343.858 790.948 1,181.882 8.115 8.536 8.977 9.442 9.930 9.487 10.089 10.730 11.414 12.142 12.916 13.233 14.240 15.327 16.499 16.085 17.519 19.086 20.799 19.337 21.321 23.521 25.959 25.733 23.045 28.755 32.150 27.271 30.850 34.931 39.581 32.089 36.7861 42.219 48.497 37.581 43.672 50.818 59.196 43.842 51.660 60.965 72.035 115.380 146 628 186.688 249 214 342 603 471.981 530.312 Print Done Reference - X ar Future Value of $1 s calculator Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 1.010 1.020 1.030 1.050 1.040 1.060 1.080 1.120 1.100 1.140 1.160 1.180 1.200 Period 2 1.020 1.040 1.061 1.082 1.103 1.124 1.166 1.210 1.254 1.300 1.346 1.392 1.440 Period 3. 1.030 1.061 1.093 1.125 1.158 1.260 1.191 1.331 1.405 1.561 1.482 1.643 1.728 C sign for negat Period 4 1.041 1.082 1.126 1.170 1.216 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2.074 Period 5 1.051 1.104 1.159 1.217 1.338 1.276 1.469 1.611 1.762 1.925 2.100 2.288 2.488 V Period 6 1.062 1.126 1.194 1.265 1.340 Period 7 1.072 1.149 1.407 1.316 1.230 Period 8 1.083 1.172 1.267 1.369 1.477 1.419 1.587 1.504 1.714 1.594 1.851 1.772 1.974 2.195 2.436 2.700 2.986 1.949 2.211 2.502 2.826 3.185 3.583 2.144 2.476 2.853 3.278 3.759 4.300 Period 9 1.094 1.195 1.305 1.423 1.551 1.689 1.999 2.358 2.773 3.252 3.803 4.435 5.160 Period 10 1.105 1.219 1.344 1.480 1.629 2.159 1.791 2.594 3.106 3.707 4.411 5.234 6.1921 Period 11 1.243 1.116 1.384 1.539 1.710 1.898 2.332 2.853 3.479 4.226 5.117 6.176 7.430 Period 12 Period 13 Period 14 Period 15 1.161 1.127 1.268 1.294 1.138 1.319 1.149 1.346 1.601 1.426 Period 20 1.220 Period 25 Period 30 1.348 Period 40 1.489 2.208 1.486 1.806 2.191 2653 2.666 1.282 1.641 2.094 3.243 2.427 1.811 3.262 4.801 3.386 4.292 3.896 1.796 2.012 2.518 3.452 4.363 2.720 2.133 1.886 1.665 1.469 6.261 7.988 10.147 2.937 3.797 4.887 1.732 1.980 2.261 1.513 9.266 11.974 7.138 5.474 3.172 4.177 1.801 2.079 2.397 1.558 4.661 6.727 9.646 13.743 19.461 27.393- 3.207 6.848 10.835 17.000 26.462 40.874 62.669 4.322 5.743 10.063 17.449 29.960 50.950 85.850 143.371 237,376 7.040 10.286 21.725 45.259 93.051 188.884 378.721 750.378 1,469.772 3.138 4.818 5.936 7.288- 8.916 5.492 6.886 8.599 10.699 12.839 15.407 38.338 95.396 Print Done
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