Your employer won a bidding contract to provide auditing services for a Fortune 500 company for the next 6 years. Your company will receive $3,500,000 per year for the next 6 years for these services. Assume your company uses a discount rate of 10.25%. What is the value of this contract in today's dollars?

Answer rating: 100% (QA)

The present value of the contract can be calculated using the follo... View the full answer