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help please! Problem 4.LO3.9 Question Help o Wally, president of Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him
help please!
Problem 4.LO3.9 Question Help o Wally, president of Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 19 end-of-year payments starting one year from now. The first two payments would be $26,000 and $22,000 in one and two years respectively, and then $20,000 per year after that for 17 years. If Wally requires a return of 10.7%, what is the present value of this stream of cash flows? What is the present value of this stream of cash flows? $(Round to the nearest cent.)Step by Step Solution
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