A)

Beene Distributing is considering a project that will return $150,000 annually at the end of each year for six years. If Beene demands an annual return of 7% and pays for the project immediately, how much is it willing to pay for the project? (Use Table B.3) (Round "PV Factor" to 4 decimal places. Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)

Willing to pay for the project

$

B)

Sam Weber finances a new automobile by paying $5,900 cash and agreeing to make 40 monthly payments of $590 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (Use Table B.3) (Do not round intermediate calculations. Round "PV Factor" to 4 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.)

Cost of the automobile

$

C)

McAdams Company expects to earn 10% per year on an investment that will pay $614,773 nine years from now. Use Table B.1 to compute the present value of this investment. (Round "PV factor" to 4 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.)

Present value

$