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A small craft store located in a kiosk expects to generate annual cash flows of $6,800 for the next three years. At the end of the three years, the business is expected to be sold for $15,000. What is the value of this business at a discount rate of 15 percent?

Multiple Choice

$30,100.07


$29,408.27


$25,388.67

Correct

$17,409.09


$19,477.67

User Amari
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1 Answer

4 votes
The correct choice is C. $25,388.67.
User Ask And Learn
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