Wally president of wallys burgers is considering, Ask an Expert

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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 13 end-of-year payments starting one year from now. The first two payments would be $27,000 and $ 23,000 in one and two years respectively, and then $18,000 per year after that for 11years. If Wally requires a return of 9.7 %. What is the present value of this stream of cash flows? What is the present value of this stream of cash flows? round to nearest cent.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92646665

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