Question: Beene Distributing is considering a project that will return $155,000 annually at the end of each year for the next seven years. If Beene demands
Beene Distributing is considering a project that will return $155,000 annually at the end of each year for the next seven years. If Beene demands an annual return of 8% and pays for the project immediately, how much is it willing to pay for the project? (PV of S1. FV of \$1. PVA of S1, and FVA of \$1) (Use appropriate factor(s) from the tables provided. Round your "PV of an Ordinary Annuity" to 4 decimal places and final answer to the nearest whole dollar.)
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