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You are required to use a financial calculator or spreadsheet(Excel) to solve the following capital budgeting problem (samplequestions and solutions are provided for guidance): WindrunnerCorp. is considering a new machine that requires an initialinvestment of $800,000 installed, and has a useful life of 10years. The expected annual after-tax cash flows for the machine are$120,000 during the first 5 years, $150,000 during years 6 through8 and $180,000 during the last two years.(iii) Calculate the Net Present Value (NPV) at the followingrequired rates of return: (a) 9% (b) 10% (c) 11% (d) 12%iv) Using IRR and NPV criterion, comment if the project shouldbe accepted or rejected at the following required rates of return:(a) 9% (b) 10% (c) 11% (d) 12%(v) Plot the Net Present Value profile (NPV on Y axis and ratesof return on X-axis).