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Southem Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218,000, $224,000, and $233,000 over the next three
Southem Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218,000, $224,000, and $233,000 over the next three years, respectively After that time, they feel the business will be worthless. If the desired rate of retum is 14.5 percent, what is the maximum Southern Tours should pay today to acquire Holiday Vacations? (Do not round intermediate calculations and round your answer to 2 decimal places, eg, 32.16) it is highly recommended to use Excel (or Google Sheets) or a financial calculater to solve this problem
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