Question: What is the maximum amount you would pay for an asset that generates an income of $250,000 at the end of each of 5 years,
What is the maximum amount you would pay for an asset that generates an income of $250,000 at the end of each of 5 years, if the opportunity cost of using funds is 8 percent?
Instructions: Do not round intermediate calculations. Round only your final calculation to the nearest penny ( two decimal places). Use the negative sign (-) where appropriate.
$____________
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