14/30

Exercise 14A-4 (Algo) Basic Present Value Concepts [LO14-7] Fraser Company will need a new warehouse in four years. The warehouse will cost $350,000 to build. Click here to view Exhibit 14B-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have the $350,000 available at the end of the four-year period? Assume that the company can invest money at: (Round your final answer to the nearest whole dollar amoun