Question: 4 Exercise 14A-4 (Static) Basic Present Value Concepts (L014-7] 171 points Fraser Company will need a new warehouse in five years. The warehouse will cost

4 Exercise 14A-4 (Static) Basic Present Value Concepts (L014-7] 171 points Fraser Company will need a new warehouse in five years. The warehouse will cost $500,000 to build Click here to view Exhibit 148.1 and Exhibit.14.2. to determine the appropriate discount factor using tables, Required: What lump-sum amount should the company invest now to have the 5500.000 available at the end of the five-year period? Assume that the company can invest money at (Round your final answer to the nearest whole dollar amount.) eBook Present Value Hint 1 Ton percent 2 Fourteen percent Print References

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