As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $90.000 cash paid today. $90,000 to be pald in one year, and an annulty of $24.000 to be paid each year for 8 years. What is the present value of the package assuming an interest rate of 9 percent? (Euture Value of $1. Present Value of $1. Euture Value Annulty of $1. Present Value Annuity of $1) (Use oppropriate factor(s) from the tables provided. Round the final answer to nearest whole doller.) Present Value

As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $90.000 cash paid today. $90,000 to be pald in one year, and an annulty of $24.000 to be paid each year for 8 years. What is the present value of the package assuming an interest rate of 9 percent? (Euture Value of $1. Present Value of $1. Euture Value Annulty of $1. Present Value Annuity of $1) (Use oppropriate factor(s) from the tables provided. Round the final answer to nearest whole doller.) Present Value

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10P: The D.J. Masson Corporation needs to raise $500,000 for 1 year to supply working capital to a new...

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