Question: please help 4 Exercise 12A-4 (Algo) Basic Present Value Concepts [LO12-7] Fraser Company will need a new warehouse in fourteen years. The warehouse will cost

please help 4

Exercise 12A-4 (Algo) Basic Present Value Concepts [LO12-7] Fraser Company will need a new warehouse in fourteen years. The warehouse will cost $360,000 to build. Click here to view Exhibit 128-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have the $360,000 avallable at the end of the fourteen-year period? Assume that the company can invest money at: (Round your final answer to the nearest whole dollar amount.)

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