ST Trucking just signed a $3.8 million contract. The contractcalls for a payment of $1.1 million today,

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ST Trucking just signed a $3.8 million contract. The contractcalls for a payment of $1.1 million today, $1.3 million one yearfrom today, and $1.4 million two years from today. What is thiscontract worth today at a discount rate of 8.7 percent?

$3,783,648.48

$3,480,817.37

$2,108,001.32

$3,202,223.89

$3,202,840.91

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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Posted Date: Jan 29, 2024 07:13 AM

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ST Trucking just signed a $3.8 million contract. The contractcalls for a payment of $1.1 million today,

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The detailed answer for the above question is provided below The present value of the contract is 34... View the full answer

Introduction To Corporate Finance

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