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Fraser Company will need a new warehouse in three years. The warehouse will cost $ Click here to view Exhibit 11B-1 and Exhibit 11B-2, to

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Fraser Company will need a new warehouse in three years. The warehouse will cost $ Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factors) using tables. Required at lump-sum amount should the company invest now to have the $370,000 available at the end of the three-year period? Assume that the company can invest money at ten percent. (Use the appropriate table to determine the discount factor(s).) Amount to be Invested Discount Factor Investment Present Value 2. What lump-sum amount should the company invest now to have the $370,000 available at the end percent (Use the of the three-year period? Assume that the company can invest money at six appropriate table to determine the discount factor(s).) Amount to be Invested DiscountP Investment x Present Value Factor

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