The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1 Year 2 15% 20% ? $ 640,000 ? 2 ? ? $ 3,340,000 ? Millard Division's margin in Year 2 was 100% of the margin in Year 1. The sales for Year 2 were: Assume that a company is considering buying a new piece of equipment for $250,000 that would have a useful life of five years and a salvage value of $28,000. The equipment would generate the following estimated annual revenues and expenses: Revenues $120,000 Less operating expenses: Commissions Insurance Depreciation $15,000 5,000 44,400 Maintenance 30,000 94,400 Net operating income $ 25,600 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. Assuming a discount rate of 16%, what is the net present value of this investment? Assume the following information for a capital budgeting proposal with a five-year time horizon: Initial investment: Cost of equipment (zero salvage value) Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket costs $470,000 $300,000 $130,000 $ 50,000 $ 40,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. If the company's discount rate is 12%, then the net present value for this investment is closest to: Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per machine-hour Molding 6,500 $27,000 Finishing 3,500 $3,100 Total 10,000 $30,100 $ 1.50 $ 3.00 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow: Direct materials Direct labor cost Molding machine-hours Finishing machine-hours Job A Job M $14,200 $8,000 $21,400 $8,000 2,500 4,000 2,500 1,000 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 30% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: (Round your intermediate calculations to 2 decimal places.)