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Wally, president of? Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 11 ?end-of-year payments starting one
Wally, president of? Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 11 ?end-of-year payments starting one year from now. The first two payments would be ?$26 comma 00026,000 and $ 23 comma 000$23,000 in one and two years? respectively, and then ?$18 comma 00018,000 per year after that for 99 years. If Wally requires a return of 8.1 %8.1%?, what is the present value of this stream of cash? flows?
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