Problem $10-18$A $($Algo$)$ Post$-$audit evaluation LO $10-2$

Brett Collins is reviewing his company's investment in a cement plant. The company paid $$15,400,000$ five years ago to acquire the plant. Now top management is considering an opportunity to sell it$.$ The president wants to know whether the plant has met original expectations before he decides its fate. The company's desired rate of return for present value computations is $9$ percent. Expected and actual cash flows follow: $($PV of $$1$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

$\backslash$table$[[$Expected$,$Year $1,$Year $2,$Year $3,$Year $4,$Year $5],[$Actual$,$$$3,370,000,$$$4,980,000,$$$4,630,000,$$$5,060,000,$$$4,260,000$