Current Attempt in Progress Your answer is incorrect During the past year, Serena McGill planted a new vineyard on 1 5 0 acres of land that she leases for $ 3 0 , 6 3 0 a year She has asked you, as her accountant, to assist her in determining the value of her vineyard operation The vineyard will bear no grapes for the first 5 years ( 1 5 ) In the next 5 years ( 6 1 0 ) Serena estimates that the vines will bear grapes that can be sold for $ 6 1 , 9 3 0 each year For the next 2 0 years ( 1 1 3 0 ) , she expects the harvest will provide annual revenues of $ 1 1 1 , 7 5 0 But during the last 1 0 years ( 3 1 4 0 ) of the vineyard's life, she estimates that revenues will decline to $ 7 8 , 3 5 0 per year During the first 5 years, the annual cost of pruning, fertilizing, and caring for the vineyard is estimated at $ 9 , 7 1 0 during the years of production, 6 4 0 , these costs will rise to $ 1 1 , 7 6 0 per year The relevant market rate of interest for the entire period is 3 Assume that all receipts and payments are made at the end of each year Click here to view factor tables Dick Button has offered to buy Serena's vineyard business by assuming the 4 0 year lease On the basis of the current value of the business, what is the minimum price Serena should accept ( Round factor values to 5 decimal places, e g 1 2 5 1 2 4 and final answer to 0 decimal places, eg 4 5 8 , 5 8 1 ) Minimum price at which Serena should accept the business $ Search

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Current Attempt in Progress Your answer is incorrect  During the past year, Serena McGill planted a new vineyard on 1 5 0 acres of land that she leases for $ 3 0 , 6 3 0 a year  She has asked you, as her accountant, to assist her in determining the value of her vineyard operation  The vineyard will bear no grapes for the first 5 years ( 1   5 )   In the next 5 years ( 6   1 0 )   Serena estimates that the vines will bear grapes that can be sold for $ 6 1 , 9 3 0 each year  For the next 2 0 years ( 1 1   3 0 ) , she expects the harvest will provide annual revenues of $ 1 1 1 , 7 5 0   But during the last 1 0 years ( 3 1   4 0 ) of the vineyard's life, she estimates that revenues will decline to $ 7 8 , 3 5 0 per year  During the first 5 years, the annual cost of pruning, fertilizing, and caring for the vineyard is estimated at $ 9 , 7 1 0   during the years of production, 6   4 0 , these costs will rise to $ 1 1 , 7 6 0 per year  The relevant market rate of interest for the entire period is 3     Assume that all receipts and payments are made at the end of each year  Click here to view factor tables  Dick Button has offered to buy Serena's vineyard business by assuming the 4 0   year lease  On the basis of the current value of the business, what is the minimum price Serena should accept  ( Round factor values to 5 decimal places, e   g   1   2 5 1 2 4 and final answer to 0 decimal places, eg   4 5 8 , 5 8 1   ) Minimum price at which Serena should accept the business $             Search

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Question: Current Attempt in Progress Your answer is incorrect. During the past year, Serena McGill planted a new vineyard on 1 5 0 acres of land

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