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Fraser Company will need a new warehouse in eleven years. The warehouse will cost $360,000 to build Click here to view Exhibit 12B-1 and Exhibit

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Fraser Company will need a new warehouse in eleven years. The warehouse will cost $360,000 to build Click here to view Exhibit 12B-1 and Exhibit 128-2, to determine the appropriate discount factorfs) using tables Required What lump-sum amount should the company invest now to have the $360,000 available at the end of the eleven-year period? Assume that the company can invest money at: (Round your final answers to the nearest whole dollar amount.) 1. Eight percent 2. Six percent

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