On June 30, 2016, Kimberly Farms purchased custom-made harvesting equipment from a local producer. In payment, Kimberly signed a noninterest-bearing note requiring the payment of $83,000 in two years. The fair value of the equipment is not known, but an 10% interest rate properly reflects the time value of money for this type of loan agreement. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

At what amount will Kimberly initially value the equipment?

Table or calculator function:
Future Value:
n =
i =		%
Present Value: