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

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

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