Question: Question 13 (6 points) Flip Flop & Co. just signed a $64 million contract to purchase supplies from another company. The contract calls for a
Question 13 (6 points) Flip Flop & Co. just signed a $64 million contract to purchase supplies from another company. The contract calls for a payment of $14.7 million today, $22.8 million one year from today, and $26.5 million two years from today. What is this contract worth today at a discount rate of 9.5%? A/
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