Question: Check my work Problem 9-15 Present value (LO9-3] Sherwin Williams will receive $22,000 a year for the next 20 years as a result of a

Check my work Problem 9-15 Present value (LO9-3] Sherwin Williams will

Check my work Problem 9-15 Present value (LO9-3] Sherwin Williams will receive $22,000 a year for the next 20 years as a result of a picture he has painted. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. What is the present value of these payments if the discount rate is 14 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b. Should he be willing to sell out his future rights now for $180,000? No Yes

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