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Fraser Company will need a new warehouse in eight years. The warehouse will cost $410,000 to build Click here to view Exhibit 138-1 and Exhibk

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Fraser Company will need a new warehouse in eight years. The warehouse will cost $410,000 to build Click here to view Exhibit 138-1 and Exhibk 13B-2 to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have the $410,000 available at the end of the eight-year period? Assume that the company can invest money at (Round your final answer to the nearest whole dollar amount.) Present Value 1. Twelve percent 2. Thirteen percent

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