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Wally, president of Wallys Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 13 end-of-year payments starting one
Wally, president of Wallys Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 13 end-of-year payments starting one year from now. The first two payments would be exist27.000 and exist23.000 in one and two years respectively, and then exist19,000 per year after that for 11 years. If Wally requires a returns of id 7%. When is the present value of this stream of cash flows? What is the present value of this stream of cash flow? exist (Round to the nearest cant.)
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