Waled Corporation is planning an investment with the following characteristics Useful life 6 years Yearly net cash inflow $ 45,000 Salvage value $0 Internal rate of return 18% Required rate of return 14% Use the following present value tables, to determine the appropriate discount factor(s) using the tables provided Present Value of $1;1(1+r) Periods 4% 5% 16% 17% S% 1996 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 4 0

Waled Corporation is planning an investment with the following characteristics Useful life 6 years Yearly net cash inflow $ 45,000 Salvage value $0 Internal rate of return 18% Required rate of return 14% Use the following present value tables, to determine the appropriate discount factor(s) using the tables provided Present Value of $1;1(1+r) Periods 4% 5% 16% 17% S% 1996 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 4 0.855 0.8230.792 0.763 0.735 0.708 0.683 0.659 0.636 0.613 0.592 0.572 0.552 0.534 0.516 0.499 15 10.822 0.784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 0.476 0.456 0.437 0.419 16 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.53 0.507 0.480 0.456 0.432 0.410 0.390 0.370 0.352 7 0.760 0.711 0.665 0.623 0.5830.547 0.513 0.48210.452 0.425 10.400 0.376 0.354 0.333 0.314 0.296 1996 Present Value of an Annuity of $1 in Arrears: 1r (1-1(1+r)n] Periods 4% 5% 6% 7% 1996 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 3.630 3.546 3.465 3.3873.312 3.240 3.170 3.102 3.037 2.974 2.914 2855 2.798 2.743 2.690 2.639 IS 4.452 4.329 4.212 1.100 3.993 3.890 3.791 3.696 3.605 3.517 3.433 3.352 3.274 9. 1993.127 3.058 16 5.242 5.076 1.917 1.767 1.623.486 1.355.231 1.111 3.998 3.889 3.784 3.685 3.589 3.498 3.410 6.002 5.786 5.582 5.389 5.206 5.033.868 1.712 1.564 4.423 4.288 160.0393.9223.8123.706 The initial cost of the equipment is closest to $157,410 $175,005 $235.890 $165.410