Question: Exercise 14A-4 (Algo) Basic Present Value Concepts [L014-7] Fraser Company will need a new $350,000 warehouse in three years. Click here to view Exhibit 14B-1

Exercise 14A-4 (Algo) Basic Present Value Concepts [L014-7] Fraser Company will need a new $350,000 warehouse in three years. Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have $350,000 available at the end of threeyears? Assume the company can invest money at: Note: Round your final answer to the nearest whole dollar amount

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