Il Boost 30% 9:37 PM Take Quiz Exit Assume the K Mart Corporation has stores that have the following facts: Annual revenues $500,000,000 Annual incomes 30,000,000 Annual gross margins 140,000,000 Annual cash flows from 100,000,000 operations All the above flows are perpetuities. The firm uses a 0.10 discount rate for this type of operation. It is agreed that all or none of the stores should be closed. Additional facts are: Book value of stores and inventory) $1,400,000,000 Cash flow of sale or closing of stores $400,000,000. Should K Mart close the stores? Explain briefly. Il Boost 30% 9:37 PM Take Quiz Exit Assume the K Mart Corporation has stores that have the following facts: Annual revenues $500,000,000 Annual incomes 30,000,000 Annual gross margins 140,000,000 Annual cash flows from 100,000,000 operations All the above flows are perpetuities. The firm uses a 0.10 discount rate for this type of operation. It is agreed that all or none of the stores should be closed. Additional facts are: Book value of stores and inventory) $1,400,000,000 Cash flow of sale or closing of stores $400,000,000. Should K Mart close the stores? Explain briefly