You sold your online business to Google. Google agreed to pay you $50,000 now, $10,000 per year
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Question:
You sold your online business to Google. Google agreed to pay you $50,000 now, $10,000 per year for the next 9 years and $100,000 in 10 years if the business meets certain performance targets. If you invested the money, you would earn a return of 7%. What is the present value of all the cash flows, assuming the performance targets are met?
Expert Answer:
The present value of all the cash flows is 16410636 To calculate the present ... View the full answer
Related Book For 
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
