Beene distributing is considering a project that will return $150,000 annually at the end of each year for six years. if beene demands an annual return of 7% and pays for the project immediately, how much is it willing to pay for the project? (use table b.3) (round "pv factor" to 4 decimal places. round your answer to the nearest dollar amount. omit the "$" sign in your response.)

$714,975

Explanation:

Data provided in the question:

Annual return = $150,000

Time, n = 6 years

Annual return, r = 7% = 0.07

Now,

Amount willing to pay for the project

= Present value of annual cash flows discounted at 7%

= $150,000 × [ (1 - (1 + r)⁻ⁿ ) ÷ r ]

=  $150,000 × [ (1 - (1 + 0.07 )⁻⁶ ) ÷ 0.07 ]

= $150,000 × 4.7665

= $714,975

i this its 7 years i hope this

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.