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0/1 uestion 10 of 20 "iew Policies Show Attempt History Current Attempt in Progress Cullumber Inc. charges an initial franchise fee of $3500000, with $620000 paid when the agreement is signed and the balance in 5 annual payments. The present value of the future payments, discounted at 9%, is $2240439. The franchisee has the option to purchase $420000 of equipment for $348000. Cullumber has substantially provided all initial services required and collectibility of the payments is reasonably assured. The amount of revenue from franchise fees is $3500000 $2788439. $2860439 $620000 e Textbook and Media Assistance Used e Textbook Save for Later Attempts: 1 of 2 used Submit Answer sin miettwillen