Question: A structural engineering consulting company is examining its cash flow requirements for the next 6 years. The company expects to replace office machines and computer

A structural engineering consulting company is examining its cash flow requirements for the next 6 years. The company expects to replace office machines and computer equipment at various times over the 6-year planning period. Specifically, the company expects to spend 21,000 birr two years from now 24,000 birr three years from now and 10,000 birr five years from now. What is the present worth of the planned expenditures at an interest rate of 10% per year, compounded semiannually?

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