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raser Company will need a new warehouse in five years. The warehouse will cost $500,000 to build Click here to view Exhibit 11B-1 and Exhibit

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raser Company will need a new warehouse in five years. The warehouse will cost $500,000 to build Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using ables Required 1. What lump-sum amount should the company invest now to have the $500,000 available at the end of the five-year period? Assume that the company can invest money at ten percent. (Use the appropriate table to determine the discount factor(s).) Amount to be Invested Investment Discount FactorPresent Value

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