l kennesawviewusgedu O Quizzes Engineering Economy XL Inte

l kennesaw.view.usg.edu ?. O Quizzes - Engineering Economy XL... Interest Factor Tables Interest... One Plan To Raise Money For Tex HW2_Modules 3 and 4 is due on or before 8:00am on June 18, 2018 Est. Length: 2:00:00 Dennis Tran: Attempt 1 Note: It is recommended that you save your response as you complete each question. Question 1 (10 points) One plan to raise money for Texas schools involves an \"enrichment tax\" that could collect $56 for every student in a certain school district. If there are 50,000 students in the district and the cash flow begins 2 years from now, what is the present worth of the enrichment plan over a 5- year planning period at an interest rate of 8% per year? $8.124 million $8.671 million $7.993 million $8.587 million Save B Question 2 (10 points) Rubbermaid Plastics plans to purchase a rectilinear robot for pulling parts from an injection

Solution

Year Cash flows PVF @ 8% Present Value 0 0 1 0 1 0 0.925926 0 2 2800000 0.857339 2400549 3 2800000 0.793832 2222730 4 2800000 0.73503 2058084 5 2800000 0.680583 1905633 Present worth 8586995 Answer is $ 8.587 million