Question
Colton is making big money moves fellas.... Today Colton is planning to make a 3-year business investment. The money moves associated with this investment are:
Colton is making big money moves fellas.... Today Colton is planning to make a 3-year business investment. The money moves associated with this investment are: 110,385 an expense of dollars in year zero; an expense of 41,278 dollars in year 1; a receivable of 29,914 dollars in year 2; a receivable of 35,639 dollars in year 3. In addition, Colton expects to sell this business investment for 375,924 dollars upon the last receivable. If the Minimum Acceptable Rate of Return is 8% per year, get the annual worth of this business investment. Round your answer to the nearest cent.
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