... of capital of 16 per cent a year, the NPV of the project will be:Year Cash flows Discount factor Present value£ @ 16% £1 18,000 0. 862 15,5 16 2 18,000 0.743 13,3743 25,000 0 .64 1 16, 0254 50,000 ... profit 360 Non-controllable divisional fixed expenses (150)Divisional profit before common expenses 210Apportioned cost of common expenses (80)Divisional profit (loss) for the period 130Before ... M., A Survey of Management Accounting Practices in UK ManufacturingCompanies, Chartered Association of Certified Accountants, 1993.M10_ATRI 362 2_ 06_ SE_C10.QXD 5/29/09 10:41 AM Page 3 96 l Environmental...