Assessment Problem that must be included in all Acct 211 classes Jane Summers, a minister in an area church, has just inherited money from her mother's estate. She is considering investing part of these funds in a small catering operation to compliment the Church’s current practices. · She would need to purchase a delivery van, pots, pans, computers and various other equipment costing $200,000 to start the business right now and · She would be required to set aside $10,000 in working capital that will be released at the end of the project. · Jane's marketing studies indicate that the annual cash inflow from the project will amount to $90,000. She will need to pay rent on the building to be used by the business of $24,000 per year. · In addition to the building rent, other annual cash expenses for food, supplies, utilities and other operating costs will amount to $30,000. · Jane will use volunteers so she will not need to pay labor. She hopes to use the catering business to teach new skills to the unemployed. · Jane wants to operate the catering business for only six years. She estimates that the equipment could be sold at the end of the sixth year for $20,000. · The church uses a required rate of return of 4%. Ignore taxes and depreciation Put your answer in the space provided, attach your spreadsheet. 1) What is the Net Present Value of the Project? 2) What is the Internal Rate of Return of the Project? 3) Explain whether you would recommend the project and why - be complete in your answer to receive full credit. You must put your answers on this sheet or I will not grade your spreadsheet! If you want partial credit - submit your spreadsheets and attach Project 3 Report and Competition Grading Guidelines ME 286 Engineering Design: The Process ***Subject to change In general, any technical report or memo should adhere to the following guidelines regardless of its overall format. These guidelines are typically covered in technical writing courses. Here are the guidelines that I hold to be absolutely critical to a good report: 1. Any supporting material, e.g. tables or figures, must be referenced in the text body of the report. If you do not reference it, then why include it? Label figures as Table # or Figure # and always reference from the text, using “Table #” or “Fig. #.” 2. If possible, integrate the reference material directly into the body of the document. This is certainly true for figures and reasonably sized tables. If you include a great deal of information, then consider appending it to the end of the document and referencing it in the text. 3. Technical reports should include 1) an executive summary of the information (something a supervisor or customer several levels up might read); 2) an introduction that also lays out the scope of the report and the motivation for it; 3) the approach taken in c ...

1. Assessment Problem that must be included in all Acct 211
classes
Jane Summers, a minister in an area church, has just inherited
money from her mother's estate. She is considering investing
part of these funds in a small catering operation to compliment
the Church’s current practices.
· She would need to purchase a delivery van, pots, pans,
computers and various other equipment costing $200,000 to
start the business right now and
· She would be required to set aside $10,000 in working capital
that will be released at the end of the project.
· Jane's marketing studies indicate that the annual cash inflow
from the project will amount to $90,000. She will need to pay
rent on the building to be used by the business of $24,000 per
year.
· In addition to the building rent, other annual cash expenses for
food, supplies, utilities and other operating costs will amount to
$30,000.
· Jane will use volunteers so she will not need to pay labor. She
hopes to use the catering business to teach new skills to the
unemployed.
· Jane wants to operate the catering business for only six years.
She estimates that the equipment could be sold at the end of the
sixth year for $20,000.
· The church uses a required rate of return of 4%.
Ignore taxes and depreciation
Put your answer in the space provided, attach your spreadsheet.

2. 1) What is the Net Present Value of the Project?
2) What is the Internal Rate of Return of the Project?

3. 3) Explain whether you would recommend the project and why
- be complete in your answer to receive full credit.

4. You must put your answers on this sheet or I will not grade your
spreadsheet!
If you want partial credit - submit your spreadsheets and attach
Project 3 Report and Competition Grading Guidelines
ME 286 Engineering Design: The Process
***Subject to change
In general, any technical report or memo should adhere to the
following guidelines regardless of its
overall format. These guidelines are typically covered in
technical writing courses. Here are the
guidelines that I hold to be absolutely critical to a good report:

5. 1. Any supporting material, e.g. tables or figures, must be
referenced in the text body of the report. If
you do not reference it, then why include it? Label figures as
Table # or Figure # and always
reference from the text, using “Table #” or “Fig. #.”
2. If possible, integrate the reference material directly into the
body of the document. This is certainly
true for figures and reasonably sized tables. If you include a
great deal of information, then
consider appending it to the end of the document and
referencing it in the text.
3. Technical reports should include 1) an executive summary of
the information (something a
supervisor or customer several levels up might read); 2) an
introduction that also lays out the scope
of the report and the motivation for it; 3) the approach taken in
conducting the work; 4) the results
of the work; 5) conclusions drawn from the results and their
impact; and 6) references cited.
4. Clear and succinct writing. Make your points and support
them in clear terms. DO NOT use 25
words when only ten are needed!
5. Paragraphs and sections show flow smoothly between (i.e.
have transitions that link each
paragraph together and link one section to the next).
Skeleton for Project 3 Report
-Title Page

6. -Executive Summary (1-2 paragraphs, one figure maximum)
-Table of Contents
I. Introduction
A. Motivation
B. Scope and Limitations
II. Design Approach and Results (to include, but not limited to:)
A. GROUP: Function Model
B. GROUP: QFD
C. GROUP: Concept Generation and Selection
D. INDIVIDUAL: Proof of Concepts (POC)
E. GROUP: Design of Experiments (DOE)
F. INDIVIDUAL: Alpha Prototype
G. INDIVIDUAL: Design for X
H. GROUP: FMEA
I. INDIVIDUAL: Costing/BOM/Assembly Drawings of final
concepts
(For each major step of the methodology)
1. General goal of each step of the engineering design
methodology
2. Specific results for your design and what they mean
III. Conclusions and Recommendations
A. INDIVIDUAL: Beta Prototypes discussion
B. GROUP: Post Mortem analysis
C. Discussion on overall results of Project 3
IV. References
Project 3-Reverse Engineering Score Sheet
***Teams must follow Section numbering as outlined in rubric
below
Possible Awarded

7. Title Page 5
Executive Summary
...............................................................................................
........ 5
Table of Contents
...............................................................................................
............ 5
1. Introduction
1.1 Introduction to project and competition
............................................................. 5
1.2 Motivation
...............................................................................................
............... 5
1.3 Scope &
Limitations..............................................................................
................. 5
Introduction Total
...............................................................................................
........... 15
2. Design Approach and Results
2.1 GROUP: Functional Model
Result and Discussion
......................................................................................... 6

8. 2.2 GROUP: QFD
Result and Discussion
......................................................................................... 6
2.3 GROUP: Concept Generation and Evaluation
Result and Discussion
......................................................................................... 10
2.4 INDIVIDUAL: Proof of Concepts (POC)
Result
...............................................................................................
.................... 6
Discussion...............................................................................
............................. 6
2.5 GROUP: Design of Experiments (DOE)
Result
...............................................................................................
.................... 6
Discussion...............................................................................
............................. 6
2.6 INDIVIDUAL: Alpha Prototypes
Result
...............................................................................................
.................... 10

9. Discussion...............................................................................
............................. 6
2.7 INDIVIDUAL: Design for X
Result
...............................................................................................
.................... 10
Discussion...............................................................................
............................. 6
2.8 GROUP: Failure Modes and Effects Analysis (FMEA)
Result
...............................................................................................
.................... 10
Discussion...............................................................................
............................. 6
2.9 INDIVIDUAL: Costing/BOM/Assembly Drawings
Result
...............................................................................................
.................... 10
Discussion...............................................................................
............................. 6
Design Approach and Results Total

10. ........................................................................... 110
3. Conclusions and Future Work
3.1 INDIVIDUAL: Beta Prototypes
........................................................................... 15
3.2 GROUP: Post Mortem
...........................................................................................
15
Conclusions
...............................................................................................
...................... 30
Overall formatting
...............................................................................................
.......... 10
(Note, this score maybe negative if formatting problems are
severe enough.)
Overall Score
...............................................................................................
.................... 180
Note: Each team is expected to turn in ONE final report. For

11. the sections marked “INDIVIDUAL”
on the rubric, provide a group introduction to the section in the
report and then label each
subsection with the Device number and name of the individual
responsible for the device that is
discussed in that subsection.
For example:
Proof of concepts were created to … The following subsections
detail each
device’s proof of concepts and the conclusions drawn from …
o Section 2.4.1: POC of Device 1 (Louie Lumberjack)
o Section 2.4.2: POC of Device 2 (Bennie Beaver)
o Section 2.4.3: POC of Device 3 (Donald Duck)
Comments for Project 3:
Project 3- Competition Result Grades
The Presentation grade for Project 3 is the performance of your
device in the end-of-semester
competition.
Possible Awarded
Performance
Able to travel 2 meters within the bounds of the lane
............................................ 10

12. Able to trigger the motion of the next device
.......................................................... 10
Performance Total
...............................................................................................
........... 20
Satisfies all Competition Requirements
.................................................................... 10
Creativity (thinking outside the box)
........................................................................ 10
Well built
............................................................................. ..................
.......................... 10
(Clean engineering, does not break easily, repeatable
performance)
Overall Score
...............................................................................................
.................... 50
Bonus: All devices complete the course within the time limit +3
Bonus: Top Score (+3), Second Place (+2), Third Place (+1)
+3,2,1
Final Score 50