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On January 15, 2012. Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2016, at an estimated cost of $5,000,000

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On January 15, 2012. Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2016, at an estimated cost of $5,000,000 plans to make four equal annual deposits in a fund that will earn interest at 10% compounded annually. The first deposit was made on July 1, 2012. Future value factors are as follows: Future value of 1 at 10% for 5 periods 1.61 Future value of ordinary annuity of 1 at 10% for 4 periods 4.64 Future value of annuity due of 1 at 10% for 4 periods 5.11 Dolan should make four annual deposits of? During the past year, Stacy McGill planted a new vineyard on 150 acres of land that she leases for $31, 060 a year. She has asked you, as her accountant, to assist her in determining the value of her vineyard operation. The vineyard will bear no grapes for the first 5 years (1-5). In the next 5 years (6-10). Stacy estimates that the vines will bear grapes that can be sold for $61, 290 each year. For the next 20 years (11-30), she expects the harvest will provide annual revenues of $111, 160. But during the last 10 years (31-40) of the vineyards life, she estimates that revenues will decline to $83, 280 per year. During the first 5 years, the annual cost of pruning, fertilizing, and caring for the vineyard is estimated at $9, 410; during the years of production, 6-40, these costs will rise to $12, 780 per year. The relevant market rate of interest for the entire period is 11%. Assume that all receipts and payments are made at the end of each year. Required: Dick Button has offered to buy Stacy's vineyard business by assuming the 40-year lease. On the basis of the current value of the business, what is the minimum price Stacy should accept? Using your assigned company, identify 2 Balance Sheet items that utilize present value concepts. Please copy and paste any relevant paragraph(s) to support your

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