A record collector has agreed to sell her entire collection to a historical museum in three years at a price of $100,000. The current risk-free rate is 7 percent. At what price should she value her collection today?
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- You can buy a piece of vacant land for $40,000 cash. You plan to hold it for 20 years and then sell it at a profit. During this period, you would pay annual property taxes of $815. You would have no income from the property. (a) Assuming that you want an 8% rate of return, at what net price would you have to sell the land 20 years hence? (b) What is open space conservation and why is it important? What options would you have in selling your property with this in mind?Carrie Tune will receive $30,000 for the next 11 years as a payment for a new song she has written. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. What is the present value of these payments if the discount rate is 14 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. Should she be willing to sell out her future rights now for $167,000? multiple choice Yes NoCarrie Tune will receive $30,800 for the next 10 years as a payment for a new song she has written. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. What is the present value of these payments if the discount rate is 16 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present value b. Should she be willing to sell out her future rights now for $202,000? Yes O No
- Bill plans to open a do-it-yourself dog bathing center in a storefront. The bathing equipment will cost $160, 000. Bill expects the after-tax cash inflows to be $ 40,000 annually for seven years, after which he plans to scrap the equipment and retire to the beaches of Jamaica. Assume the required return is 10% . What is the project's discounted payback period (nearest year)?Jenna is considering an investment which has a price of $16,000. She expects to receive $1,000 for 3 years, followed by $1,400 for another 4 years. At the end of the 7th year, Jenna expects to sell the investment for $25,000. If Jenna can borrow money at a rate of 10%, what is the investment's net present value?Bill plans to open a do-it-yourself dog bathing center in a storefront. The bathing equipment will cost $160,000. Bill expects the net cash inflows to be $40,000 annually for 7 years, after which he plans to scrap the equipment and retire to the beaches of Jamaica. Assuming that the required return is 15%, what is the project's Pl? Should it be accepted? a. 1.04; no b. 1.00; indifferent c. 1.04; yes O d. 0.88; no e. 0.88; yes
- Alexander Industries is considering purchasing an insurance policy for its new office building in St. Louis, Missouri. The policy has an annual cost of $10,000. If Alexander Industries doesn’t purchase the insurance and minor fire damage occurs, a cost of $100,000 is anticipated; the cost if major or total destruction occurs is $200,000. The costs, including the state-of-nature probabilities, are as follows: Using the expected value approach, what decision do you recommend? What lottery would you use to assess utilities? (Note: Because the data are costs, the best payoff is $0.) Assume that you found the following indifference probabilities for the lottery defined in part (b). What decision would you recommend? Do you favor using expected value or expected utility for this decision problem? Why?Assume that Aliza has a winning lottery ticket and she are the given the option of accepting the value of P1,000,000 paying interest three years from now or taking the present value of the P1,000,000 now. The sponsor of the prize is using a 6% interest and discount rate. a. If she choose to receive the present value of the prize now, how much will she receive? b. If she choose to receive the value 3 years from now, how much will she receive? c. Which of the options will give her higher amount?Woody Lightyear is considering the purchase of a toy store from Andy Enterprises. Woody expects the store will generate net cash flows (cash inflows less cash outflows) of $60,000 per year for 20 years. At the end of the 20 years, he intends to sell the store for $600,000. To finance the purchase, Woody will borrow using a 20-year note that requires 9% interest. Required: What is the maximum amount Woody should offer Andy for the toy store? (Assume all cash flows occur at the end of each year.)
- An investor is purchasing an industrial building. He needs to replace the roof today at a cost of $50.000. The economic life of the roof is 20 years. Inflation is 3.0%. He has an investment account that yields 6.0%. How much must he put aside monthly to cover the future cost of the roof?Assume that you are about to sell property (a vacant parcel of real estate) you own but otherwise have no use for. The net-of-sales-commission selling price for the property is $500,000. You are willing to finance this transaction over a 20-year period and have told the buyer that you expect a 12% pretax return on the transaction. The buyer has asked you for a payment schedule under several alternatives. Required: 1. What will be your periodic cash receipt, to earn a 12% return, if payments are received from the purchaser: NOTE: to answer the above questions, use the PMT function in Excel, as follows: PMT(rate,nper,pv,fv,type) where: rate is the interest rate for the loan, nper is the total number of payments, pv is the present value (i.e., the total amount that a series of future payments is worth now; also known as the principal), fv is the future value (or a cash balance you want to attain after the last payment is made; if fv is omitted, it is assumed to be 0 (zero)), and…An investor is purchasing an industrial building.He needs to replace the roof today at a cost of $50,000. The economic life of the roof is 20 years. Inflation is 3.0%. He has an investment account that yields 6.0%. How much must he put aside monthly to cover the future cost of the roof?

