MoreTech Drilling company is considering the sales of its Alaskan subsidiary to another company. The subsidiary is
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Question:
MoreTech Drilling company is considering the sales of its Alaskan subsidiary to another company. The subsidiary is expected to produce profits of $800,000 next year which drops by $50,000 per year for the following 14 years. If MoreTech's interest rate is 12%, what price should MoreTech charge for the subsidiary?
Related Book For
Entrepreneurial Finance
ISBN: 978-0538478151
4th edition
Authors: J . chris leach, Ronald w. melicher
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