Your truck has a market value of $60,800. You can sell it to your brother, who...

 

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Your truck has a market value of $60,800. You can sell it to your brother, who agreed to buy it now and pay $77,300 three years from now, or you can sell it to your cousin who agreed to pay you $66,900 at the end of the year. To whom should you sell the truck if your cost of capital is 9 percent? (Round answers to 2 decimal places, e.g. 25.25.) Cash inflow, brother $ Cash inflow, cousin $ You should sell the truck to your Your truck has a market value of $60,800. You can sell it to your brother, who agreed to buy it now and pay $77,300 three years from now, or you can sell it to your cousin who agreed to pay you $66,900 at the end of the year. To whom should you sell the truck if your cost of capital is 9 percent? (Round answers to 2 decimal places, e.g. 25.25.) Cash inflow, brother $ Cash inflow, cousin $ You should sell the truck to your

Answer rating: 100% (QA)

Cash inflow brother FV 1rn 7730... View the full answer