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Waikiki Corp. in Hawaii expects excess earnings of $ 48,000 for each of the next eight years. Assume half of the excess is eamed at

Waikiki Corp. in Hawaii expects excess earnings of $ 48,000 for each of the next eight years. Assume half of the excess is eamed at the end of each six months. Calculate the estimated goodwill if it is based on the present value of excess earnings discounted at 10%, compounded semi-annuallyimage text in transcribed

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