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PROBLEM 83 30 pts) Gemini, Inc., a desk manufacturer, must decide on whether to remain at its present location or move to another one. Currently,

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PROBLEM 83 30 pts) Gemini, Inc., a desk manufacturer, must decide on whether to remain at its present location or move to another one. Currently, it is paying $100,000/year in rent at the end of each year, and has 10 years remaining on its lease. If it decides to move, it can do so, however, it will incur a penalty of $15,000 on breaking its current lease which it must pay now. It has the opportunity to buy a plant for $300,000 and pay annual maintenance expenses of $47,000/year at the end of each year for the next 10 years. The present value of Sl for 10 periods at 8% is The present value of an ordinary annuity for 10 periods at 8% is The future value of $1 for 10 periods at 8% is The future value of an ordinary annuity for 10 periods at 8% is .46319 6.71008 2.15892 14.48656 Instructions Based only on the above information, What should Gemini, Inc, do and why? Please round all calculations to the nearest dollar

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