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Question 28 (6 points) An entrepreneur is negotiating the price of a small business. The entrepreneur believes the small business will generate an annual cash

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Question 28 (6 points) An entrepreneur is negotiating the price of a small business. The entrepreneur believes the small business will generate an annual cash flow of $75,000 for the next 8 years. The entrepreneur also believes she can sell the business for $700,000 in exactly 8 years. The entrepreneur wants an IRR of 15% to accept this opportunity. What is the most she can pay for the small business today?(round to the nearest dollar) $438,956 $677,441 $565,380 O $107,718 $549,035

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