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Hazal reached an agreement to purchase a store in Kadikoy. Hazal pays $4.0 million now for the store and intends to operate the shop as

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Hazal reached an agreement to purchase a store in Kadikoy. Hazal pays $4.0 million now for the store and intends to operate the shop as a patisserie for 6 years before selling it for $5.0 million. (To answer part a and part b, ignore the shop's profits and losses) a. Given an interest rate of 9% calculate the present value of the sales price of the store at the end of 6 years? (Intermediate computations should not be rounded. Fill in the blanks with your answer in millions, rounded to three decimal places.) b. Should Hazal buy the store? c-1. What is the present value of future cash flows if Hazal could also profit $300,000 per year from the patisserie? Assume that the annual profits are collected at the year-end until the end of 6 years. (Intermediate computations should not be rounded. Fill in the blanks with your answer in millions, rounded to three decimal places.) c-2. Should Hazal buy the store if she receives the annual profits stated in c-1

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