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Fraser Company will need a new warehouse in three years. The warehouse will cost $ 3 5 0 , 0 0 0 to build. Required:
Fraser Company will need a new warehouse in three years. The warehouse will cost $ to build.
Required:
What lumpsum amount should the company invest now to have the $ available at the end of the threeyear period? Assume
that the company can invest money at: Round your final answer to the nearest whole dollar amount.
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