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X Your answer is incorrect. Sunland Energy Company owns several gas stations Management is looking to open a new station in the western suburbs of
X Your answer is incorrect. Sunland Energy Company owns several gas stations Management is looking to open a new station in the western suburbs of Baltimore. One possibility that managers at the company are evaluating is to take over a station located at a site that has been leased from the county. The lease, originally for 99 years, currently has 73 years before expiration. The gas station generated a net cash flow of $93,580 last year, and the current owners expect an annual growth rate of 6.3 percent. If Sunland Energy uses a discount rate of 13.6 percent to evaluate such businesses, what is the present value of this growing annuity? (Round factor values to 6 decimal places, eg. 1.521253 and final answer to 2 decimal places, eg. 15.21.) Present value 1,355,896.20 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer Current Attempt in Progress Sheridan Productions borrowed some money from the California Finance Company at a rate of 16.30 percent for a seven-year period. The loan calls for a payment of $1,287,000 each year beginning today. How much did Sheridan borrow? (Round factor values to 4 decimal places, eg. 1.5214 and final answer to nearest whole dollar, e.g. 5,275.) Sheridan borrowed $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
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