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Beene Distributing is considering a project that will return $185,000 annually at the end of each year for the nextseven years. If Beene demands an
Beene Distributing is considering a project that will return $185,000 annually at the end of each year for the nextseven years. If Beene demands an annual return of 7% and pays for the project immediately, how much is it willing to pay for the project? (PV of $1,FV of $1,PVA of $1, andFVA of $1)(Use appropriate factor(s) from the tables provided. Round the "PV of an Ordinary Annuity" to 4 decimal places and final answer to the nearest whole dollar.)
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