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1 of 2 (0 complete) HW Score: 0%, 0 of 2 pts Score: 0 of 1 pt Problem 4.LO3.9 (similar to) Question Help Wally, president
1 of 2 (0 complete) HW Score: 0%, 0 of 2 pts Score: 0 of 1 pt Problem 4.LO3.9 (similar to) Question Help Wally, president of Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 19 cnd-of-year payments starting one year from now. The first two payments would be $25,000 und S22,000 in one and two years respectively, and then $20,000 per year after that for 17 years. If Wally requires a retum of 10.3%, what is the present value of this stream of cash flows? What is the present value of this stream of cash flows? SI (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer ? All parts showing Clear All Check
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