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1.From chapter 19: Present Value of a firm Quantity sold in first year: 20K units Price per unit: 100$ Cost per unit = 60$ Quantity
1.From chapter 19: Present Value of a firm
Quantity sold in first year: 20K units
Price per unit: 100$
Cost per unit = 60$
Quantity sold in second year: 23K units
Price per unit: 105$
Cost per unit = 63$
Discount rate = 4.0%
What is the present value of the firm?
a.$1.32M
b.$0.94M
c.$1.66M
d.$2.07M
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