Crane Corp. management will invest $332,300, $617,750, $214,000, $819,700, $1,240,900, and$1,619,100 in research and development over the next six years. If the appropriate interest rate is8.10 percent, what is the future value of these investments eight years from today? (Round answer to2 decimal places, e.g. 15.25. Do not round factor values.)Future value$6,452,482.16

We need to determine the future value of the cash flows per year.Future value is the estimated…

Answered: Crane Corp. management will invest…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter12: Capital Investment Analysis

Section: Chapter Questions

Problem 3CMA

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