Question: The Wellington family has an offer to sell a plot of land to Land Developers, Incorporated (LDI) for $1,090,000. However, to allow LDI time to

The Wellington family has an offer to sell a plot of land to Land Developers, Incorporated (LDI) for $1,090,000. However, to allow LDI time to generate the required payment from its operations, the Wellingtons must agree to delay collection of the money for a 4-year period. The Wellingtons have an alternative offer to sell the land to Sunshine Properties. Sunshine has the cash available to make an immediate cash payment for the property. Assuming a 10% required rate of return, what price would Sunshine be required to pay in order to match LDI's offer? (Use the PV of $1 table) Note: Round your answer to the nearest whole dollar. Multiple Choice $744,484. $1,090,000. $841,315. $3,455,153

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