You are thinking of buying a craft emporium. It is expected to generat
You are thinking of buying a craft emporium. It is expected to generate cash flows of $30,000 per
year in years 1 through 5, and $40,000 per year in years 6 through 10.
If the appropriate discount
rate is 8%, what amount are you willing to pay for the emporium?
A) $215,048 B) $167,943 C) $228,476 D) $135,288
ANSWER
C
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