Oriole Company is considering an investment that will return a lump sum of $850,000 6 years from now. Click here to view the factor table. What amount should Oriole Company pay for this investment to earn an 8% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Oriole Company should pay $
Oriole Company is considering an investment that will return a lump sum of $850,000 6 years from now. Click here to view the factor table. What amount should Oriole Company pay for this investment to earn an 8% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Oriole Company should pay $
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 5PA: Falkland, Inc., is considering the purchase of a patent that has a cost of $50,000 and an estimated...
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
![Oriole Company is considering an investment that will return a lump sum of $850,000 6 years from now.
Click here to view the factor table.
What amount should Oriole Company pay for this investment to earn an 8% return? (For calculation purposes, use 5 decimal places as
displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.)
Oriole Company should pay
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1cef72f3-38db-457a-b352-b841ba871caf%2F048240a3-69f7-4276-acbe-02b9315f47ce%2Fa387dd6_processed.png&w=3840&q=75)
Transcribed Image Text:Oriole Company is considering an investment that will return a lump sum of $850,000 6 years from now.
Click here to view the factor table.
What amount should Oriole Company pay for this investment to earn an 8% return? (For calculation purposes, use 5 decimal places as
displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.)
Oriole Company should pay
$
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