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ivorymacaw91Lv1
28 Sep 2019
(Ignore income taxes in this problem.) Sam Weller is thinking ofinvesting $120,000 to start a bookstore. Sam plans to withdraw$35,000 from the business at the end of each year for the next fiveyears. At the end of the fifth year, Sam plans to sell the businessfor $130,000 cash. At a 12% discount rate, what is the net presentvalue of the investment? (Round your 'PV factors' to threedecimal places.) (Use Exhibit11b-1, Exhibit11b-2)
rev: 12_14_2012,12_21_2012, 01_14_2015_QC_CS-3712
$126,175
$73,710
$79,885
$120,000
(Ignore income taxes in this problem.) Sam Weller is thinking ofinvesting $120,000 to start a bookstore. Sam plans to withdraw$35,000 from the business at the end of each year for the next fiveyears. At the end of the fifth year, Sam plans to sell the businessfor $130,000 cash. At a 12% discount rate, what is the net presentvalue of the investment? (Round your 'PV factors' to threedecimal places.) (Use Exhibit11b-1, Exhibit11b-2)
rev: 12_14_2012,12_21_2012, 01_14_2015_QC_CS-3712
$126,175
$73,710
$79,885
$120,000
Casey DurganLv2
28 Sep 2019