Question 26 of 40 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. 0/0.3 E You wrote a piece of software that does a better job of allowing computers to network than any other program designed for this purpose. A large networking company wants to incorporate your software into its systems and is offering to pay you $486,000 today, plus $486,000 at the end of each of the following six years, for permission to do this. If the appropriate interest rate is 6 percent, what is the present value of the cash flow stream that the company is offering you? (Round factor values to 4 decimal places, e.g. 1.5215 and final answer to 2 decimal places, e.g. 15.25.) Present value $ 2,389 613.89 eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 Search Attempts: 1 of 3 used Submit Answer
Question 26 of 40 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. 0/0.3 E You wrote a piece of software that does a better job of allowing computers to network than any other program designed for this purpose. A large networking company wants to incorporate your software into its systems and is offering to pay you $486,000 today, plus $486,000 at the end of each of the following six years, for permission to do this. If the appropriate interest rate is 6 percent, what is the present value of the cash flow stream that the company is offering you? (Round factor values to 4 decimal places, e.g. 1.5215 and final answer to 2 decimal places, e.g. 15.25.) Present value $ 2,389 613.89 eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 Search Attempts: 1 of 3 used Submit Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question 26 of 40
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Current Attempt in Progress
Your answer is incorrect.
0/0.3 E
You wrote a piece of software that does a better job of allowing computers to network than any other program designed for this
purpose. A large networking company wants to incorporate your software into its systems and is offering to pay you $486,000 today,
plus $486,000 at the end of each of the following six years, for permission to do this. If the appropriate interest rate is 6 percent, what
is the present value of the cash flow stream that the company is offering you? (Round factor values to 4 decimal places, e.g. 1.5215 and
final answer to 2 decimal places, e.g. 15.25.)
Present value
$
2,389 613.89
eTextbook and Media
Save for Later
Using multiple attempts will impact your score.
20% score reduction after attempt 2
Search
Attempts: 1 of 3 used
Submit Answer
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