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Business, 16.10.2020 17:01 roshawnandries5471

As CFO of a small manufacturing firm, you have been asked to determine the best financing for the purchase of a new piece of equipment. The vendor is offering repayment options of $9,000 at the end of each year for five years, or no payment for two years followed by one payment of $41,500. The current market rate of interest is 11%. Calculate present value of both options.(For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, e. g. 5,275.25.)

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