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Fraser Company will need a new warehouse in thirteen years. The warehouse will cost $360,000 to build. Click here to view Exhibit 148-1 and Exhibit

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Fraser Company will need a new warehouse in thirteen years. The warehouse will cost $360,000 to build. Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have the $360,000 available at the end of the thirteen-year period? Assume that the company can invest money at: (Round your final answer to the nearest whole dollar amount.) Present Value 1. Six percent 2 Fourteen percent

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