Question: A small craft store located in a kiosk expects to generate annual cash flows of $6,800 for the next three years. At the end of

A small craft store located in a kiosk expects to generate annual cash flows of $6,800 for the next three years. At the end of the three years, the business is expected to be sold for $15,000. What is the value of this business at a discount rate of 15 percent?

$30,100.07

$29,408.27

$25,388.67

$17,409.09

$19,477.67

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