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Problem 6-46 Present Value and Break-Even Interest (LO1] Consider a firm with a contract to sell an asset for $153,000 four years from now. The

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Problem 6-46 Present Value and Break-Even Interest (LO1] Consider a firm with a contract to sell an asset for $153,000 four years from now. The asset costs $89,000 to produce today. a. Given a relevant discount rate of 12 percent per year, calculate the profit the firm will make on this asset. (A loss should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. At what rate does the firm just break even? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Firm's profit (loss) b. Break-even rate %

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