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You company made huge sales on credit to a number of customers at the end of the previous year. The company's policy stipulated that all

You company made huge sales on credit to a number of customers at the end of the previous year. The company's policy stipulated that all sales must be collected on or before the end of year 5. Given the collecton history of the company, you expect to collect the following ammounts at the end of each of the following years. Year 1: R15000000; Year 2: R25000000; Year 3: R18000000; Year 4: R14000000; Year 5: R33000000.What would be the total valye of the collected receivables (assuming all ammounts are collected each year) at the end of year 5, given assuming that the company can earn 17% on invested funds

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