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Testbank Problem 151 Monty Company owns a plot of land on which buried toxic wastes have been discovered. Since it will require several years and

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Testbank Problem 151 Monty Company owns a plot of land on which buried toxic wastes have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues, Monty wishes to sell the land now. It has located two potential buyers: Buyer A, who is willling to pay $630,000 for the land now, and Buyer B, who is willing to make 21 annual payments of $91,000 each, with the first payment to be made 3 years from today. Assuming that the appropriate rate of interest is 9% Click here to view factor tables Calculate the present value for each of the buyer. (Round factor values to 5 decimal places, e.g. 1.251 24 and final answers to 0 decimal places, e.g. 458,581.) Buyer A Buyer B Present value of purchase price To whom should Monty sell the land? Monty should sell to 0pen Show Work Click if you would like to Show Work for this

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