Consider a firm with a contract to sell an asset for $145,000 four years from now. The asset costs $81,000 to produce today. Given a relevant discount rate on this asset of 13 percent per year, calculate the profit the firm will make on this asset. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Firm's profit $ 7931.22

At what rate does the firm just break even? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Break-even interest % ??

Answer rating: 100% (QA)

Answer Breakeven interest rate 1567 Function Arguments RATE Nper 4 Pmt 0 Pv 81000 Fv 14... View the full answer