Your company seeks to take over Good Deal Company. Your companys offer for Good Deal is for
Question:
Your company seeks to take over Good Deal Company.
Your company’s offer for Good Deal is for \($3\),000,000 in cash upon signing the agreement followed by 10 annual payments of \($300\),000 starting 1 year later. The time value of money is 10 percent.
What is the present worth of your company’s offer?
a. \($3\),000,000
b. \($2\),281,830
c. \($4\),843,380
d. \($5\),281,830
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Related Book For 
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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