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3. Given the preceding values, compute the average of the projected returns on beginning investment balances for the first five years of Acmes investment in

3. Given the preceding values, compute the average of the projected returns on beginning investment balances for the first five years of Acmes investment in PHC. What is the maximum Acme can pay for PHC if it wishes to earn at least a 10 percent average return on beginning investment balance? (Hint: Under Excels Tools menu, use the Solver or Goal Seek capability to produce a 10 percent average return on beginning investment balance by changing the cell that contains Acmes cost of investment in PHC. Excels Solver should produce an exact answer while Goal Seek should produce a close approximation. You may need to first add in the Solver capability under Excels Tools menu.)

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