(Round to the nearest cent)

Value of a mixed stream Harte Systems, Inc., a maker of electronic survillance equipment, is considering selling the rights to market its home security system to a well-known hardware chain. The proposed deal calls for the hardware chain to pay Harte $34,000 and $29,000 at the end of years 1 and 2 and to make annual year-end payments of $14,000 in years 3 through 9. A final payment to Harte of $20,000 would be due at the end of year 10. a. Select the time line that represents the cash flows involved in the offer. b. If Harte applies a required rate of return of 9% to them, what is the present value of this series of payments? c. A second company has offered Harte an immediate one-time payment of $110,000 for the rights to market the home security system. Which offer should Harte accept? . 1 2 3 9 10 $29,000 $34,000 $20,000 $14,000 $29,000 1 2 3 . 10 $34,000 $29,000 $14,000 1 2 3 $14,000 $20,000 10 . L $34,000- $29,000- $14,000 $14,000- $20,000 OD. 0 1 2 3 9 10 $34,000 $29,000 - $14,000 - $14,000 $20,000