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Company DL must choose between two business opportunities. Opportunity 1 will generate $24,500 before-tax cash in years 0 through 3. The annual tax cost of Opportunity 1 is $4.410 in years 0 and 1 and $2,940 in years 2 and 3. Opportunity 2 will generate $24,500 before-tax cash in year 0, $36,600 before-tax cash in years 1 and 2, and $18,300 before-tax cash in year 3. The annual tax cost of Opportunity 2 is $7,320 in years o through 3. Use Appendix A and Appendix B. Required: a-1. Complete the below tables to calculate NPV. Assume that the discount rate is 10 percent a-2. Which opportunity should Company DL choose? Complete this question by entering your answers in the tabs below. Req A1 Reg A2 har ha indicator Reg A1 Reg A2 0 0 0 Complete the below tables to calculate NPV. Assume that the discount rate is 10 percent. (Cash outflows should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, all other intermediate calculations and final answers to the nearest whole dollar amount.) Year o Year 1 Year 2 Year 3 Opportunity 1: Before-tax cash flow Tax cost Net cash flow $ 0 $ $ $ Discount factor (10%) Present value 0 NPV Opportunity 2 Before-tax cash flow Tax cost Net cash flow $ 0 $ 0 $ Discount factor (10%) Present value $ NPV $ 0 $ 0 0 Red A1 Reg A2 > Problem 03-19 (Algo) (LO 3-3, 3-5) Company DL must choose between two business opportunities. Opportunity 1 will generate $24,500 before-tax cash in years 0 through 3. The annual tax cost of Opportunity 1 is $4,410 in years 0 and 1 and $2,940 in years 2 and 3. Opportunity 2 will generate $24,500 before-tax cash in year 0, $36,600 before-tax cash in years 1 and 2, and $18,300 before-tax cash in year 3. The annual tax cost of Opportunity 2 is $7,320 in years through 3. Use Appendix A and Appendix B. Required: a-1. Complete the below tables to calculate NPV. Assume that the discount rate is 10 percent. a-2. Which opportunity should Company DL choose? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Which opportunity should Company DL choose? Company DL should choose

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