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A business has an initial value of 2m. In the following four years its value is assessed as 2.5m, 2.7m, 2.4m and 2.8m. The discount
A business has an initial value of 2m. In the following four years its value is assessed as 2.5m, 2.7m, 2.4m and 2.8m. The discount rate is 15 per cent. At the end of which year should the business be sold?
A) Year 1
B) Year 2
C) Year 3
D) Year 4
E) Year 5
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