Question: EMU signed a 1 0 - year parking contract with the firm Get Rich Quick, Inc. EMU receives: $ 2 0 0 , 0 0

EMU signed a 10-year parking contract with the firm "Get Rich Quick, Inc."
EMU receives:
$200,000/year for the first 3 years
$250,000/year for the next 5 years
$300,000/year for the last 2 years
All payments are made at the end of each year
EMU's opportunity cost is 9.0%/year.
What is the value of this contract to EMU?

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