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Monty Company owns a plot of land on which buried toxic wastes have been discovered. Since it will require several years and a considerable

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Monty Company owns a plot of land on which buried toxic wastes have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues, Monty wishes to sell the land now. It has located two potential buyers: Buyer A, who is willing to pay $630,000 for the land now, and Buyer B, who is willing to make 21 annual payments of $91,000 each, with the first payment to be made 3 years from today. Assuming that the appropriate rate of interest is 9%. Click here to view factor tables Calculate the present value for each of the buyer. (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Present value of purchase price $ To whom should Monty sell the land? Monty should sell to eTextbook and Me Buyer A Buyer B Buyer A Buyer B $

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