Use the Following Data to Solve the Following Questions:
-Frontier $\begin{array}{llcc}\text {Year 1}&\text {Year 2}&\text {Year 3}\\\hline \$ 4,000& \$ 6,000&\$ 7,000 \end{array}$

question 2

Multiple Choice

Use the following data to solve the following questions:
-Frontier Landscaping owns some equipment that is used in their operations. Management estimates that the equipment will last another three years and will generate the following future cash flows at the end of each year. $\begin{array}{llcc}\text {Year 1}&\text {Year 2}&\text {Year 3}\\\hline \$ 4,000& \$ 6,000&\$ 7,000 \end{array}$
Calculate the present value of each of these future cash flows given a 4% discount rate.

• A) $15,617
• B) $9,394
• C) $18,135
• D) $35,165

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Definitions:

Goodwill

The intangible asset of a business related to reputation, brand, and customer relations, fostering a positive perception.

Prospecting Letter

A document sent to potential clients or customers with the goal of introducing one's services or products as a precursor to securing new business.

Employer

An individual or organization that hires and pays people to work for them.

Assertiveness

The quality of being self-assured and confident without being aggressive.