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Fraser Company will need a new warehouse in five years. The warehouse will cost $500,000 to build Click here to view Exhibit 128-1 and Exhibit

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Fraser Company will need a new warehouse in five years. The warehouse will cost $500,000 to build Click here to view Exhibit 128-1 and Exhibit 12B-2. to determine the appropriate discount factors) using tables. Required: What lump-sum amount should the company invest now to have the $500,000 available at the end of the five-year period? Assume that the company can invest money at: (Round your final answers to the nearest whole dollar amount.) Present Value 1. Ten percent 2 Fourteen percent

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