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Questions 1) The internal rate of return method is used to analyze a $831,500 ca

ID: 2462549 • Letter: Q

Question

Questions 1)

The internal rate of return method is used to analyze a $831,500 capital investment proposal with annual net cash flows of $250,000 for each of the six years of its useful life.

a. Determine a present value factor for an annuity of $1, which can be used in determining the internal rate of return. Carry your answer out to three decimal places.


Question 2)

The company's minimum desired rate of return for net present value analysis is 12%. The present value of $1 at compound interest of 12% is shown in the table below:

a. Determine the average rate of return on investment, giving effect to depreciation on the investment. Round your answer to two decimal places.
%

b. Determine the net present value.
$

Year Present Value of $1 at 12% 1 0.893 2 0.797 3 0.712 4 0.636 5 0.567

Explanation / Answer

Q1 Initial Investment               831,500.00 Annual Net Cash Flows               250,000.00 a) Present value factor for an annuity of $1 = 831,500/250,000                       3.3260 b)IRR is 20% Q2 a) Capita Expenditure               300,000.00 Total Profit for 5 Years               205,000.00 Average Profit (205000/5)                 41,000.00 ARR = 41,000/300,000 = 13.67% b) Statemnet showing Cash flows Particulars Time PVf@12% Amount PV Cash Outflows                                   -                             1.00     (300,000.00) (300,000.00) PV of Cash outflows (300,000.00) Cash inflows                            1.00                      0.8930        120,000.00     107,160.00 Cash inflows                            2.00                      0.7970        110,000.00        87,670.00 Cash inflows                            3.00                      0.7120        105,000.00        74,760.00 Cash inflows                            4.00                      0.6360          90,000.00        57,240.00 Cash inflows                            5.00                      0.5670          80,000.00        45,360.00 PV of Cash Inflows     372,190.00 NPV        72,190.00

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