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  3. present value of $1.00 rate 8% 10% 12% 14% period

Present Value of $1.00 Rate 8% 10% 12% 14% Period 1 .9259 .9091...

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Question

Accounting

Present Value of $1.00

Rate 8% 10% 12% 14%

Period

1 .9259 .9091 .8929 .8772

2 .8573 .8264 .7972 .7695

3 .7938 .7513 .7118 .6750

4 .7350 .6830 .6355 .5921

5 .6806 .6209 .5674 .5194

Present Value of $1.00 Received per Period

Rate 8% 10% 12% 14%

Period

1 .9259 .9091 .8929 .8772

2 1.7833 1.7355 1.6901 1.6467

3 2.5771 2.4869 2.4018 2.3216

4 3.3121 3.1699 3.0373 2.9137

5 3.9927 3.7908 3.6048 3.4331

Prospect Park Department is considering a new capital investment. The following information is available on the investment. The cost of the machine will be $432,576. The annual cost savings if the new machine is acquired will be $120,000. The machine will have a 5-year life, at which time the terminal disposal value is expected to be zero. Prospect Park Department is assuming no tax consequences. What is the internal rate of return for Prospect Park Department?

A 10%

B 12%

C 14%

D 16%

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