Question: help me solve and understand this question Current Attempt in Progress Flounder Company owns a plot of land on which buried toxic wastes have been
Current Attempt in Progress Flounder Company owns a plot of land on which buried toxic wastes have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues, Flounder wishes to sell the land now. It has located two potential buyers: Buyer A, who is willing to pay $500,000 for the land now, and Buyer B, who is willing to make 19 annual payments of $113,000 each, with the first payment to be made 6 years from today. Assuming that the appropriate rate of interest is 12%. Click here to view factor tables Calculate the present value for each of the buyer. (Round foctor values to 5 decimol ploces, es. 1.251.24 and final answers to 0 decimal places, eg. 458, 581
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