Question: - Question 23 (10 points) A vintner is deciding when to release a vintage of Sauvignon Blanc. If it is bottled and released now, the

- Question 23 (10 points) A vintner is deciding when to

- Question 23 (10 points) A vintner is deciding when to release a vintage of Sauvignon Blanc. If it is bottled and released now, the wine will be worth $2.2 million. If is barrel aged for another year, it will be worth 15% more, though there will be additional costs of $528,000 incurred at the end of the year. It the interest rate is 7%, should he release the wine today or wait an additional year. Show your work or inputs

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