Capital Expenditure Decisions
Periods
1
2
3
4
5
6
7
8
9
10
4%
.962
.925
.889
.855
.822
.790
.760
.731
.703
.676
6%
.943
.890
.840
.792
.747
.705
.665
.627
.592
.558
Periods
1
2
3
4
5
6
7
8
9
10
4%
0.962
1.886
2.775
3.630
4.452
5.242
6.002
6.733
7.435
8.111
6%
0.943
1.833
2.673
3.465
4.212
4.917
5.582
6.210
6.802
7.360
484
8%
.926
.857
.794
.735
.681
.630
.583
.540
.500
.463
Present Value of P1
10%
12%
.909
.893
.826
.797
.751
.712
.683
.636
.621
.567
.564
.507
.513
.452
.467
.404
.424
.361
.386
.322
14%
.877
.769
.675
.592
.519
.456
.400
.351
.308
.270
16%
.862
.743
.641
.552
.476
.410
.354
.305
.263
.227
18%
.847
.718
.609
.516
.437
.370
.314
.266
.225
.191
20%
.833
.694
.579
.482
.402
.335
.279
.233
.194
.162
Present Value of a Series of P1 Cash Flows
8%
10%
12%
14%
16%
0.926
0.909
0.893
0.877
0.862
1.783
1.736
1.690
1.647
1.605
2.577
2.487
2.402
2.322
2.246
3.312
3.170
3.037
2.914
2.798
3.993
3.791
3.605
3.433
3.274
4.623
4.355
4.111
3.889
3.685
5.206
4.868
4.564
4.288
4.039
5.747
5.335
4.968
4.639
4.344
6.247
5.759
5.328
4.946
4.607
6.710
6.145
5.650
5.216
4.833
18%
0.847
1.566
2.174
2.690
3.127
3.498
3.812
4.078
4.303
4.494
20%
0.833
1.528
2.106
2.589
2.991
3.326
3.605
3.837
4.031
4.192
Hilton, Managerial Accounting, Seventh Edition