A Company Is Considering an Investment That Will Return $22,000 $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

question 80

Multiple Choice

A company is considering an investment that will return $22,000 semiannually at the end of each semiannual period for 4 years.If the company requires an annual return of 10%,what is the maximum amount it is willing to pay for this investment? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)Not more than $69,738
• B)Not more than $139,476
• C)Not more than $88,000
• D)Not more than $142,190
• E)Not more than $176,000