You Are Thinking of Buying a Craft Emporium

question 122

Multiple Choice

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) $135,288
• B) $167,943
• C) $215,048
• D) $228,476

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