Your firm rents office space for P250,000 per year, due at the BEGINNING of each year. If your firm's hurdle rate is 10%, what is the present value of five years' worth of rent? a. P1,042,466.36 b. P170,753.36 c. P402,627.50 d. P155,230.33
Your firm rents office space for P250,000 per year, due at the BEGINNING of each year. If your firm's hurdle rate is 10%, what is the present value of five years' worth of rent? a. P1,042,466.36 b. P170,753.36 c. P402,627.50 d. P155,230.33
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 22P
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14. Your firm rents office space for P250,000 per year, due at the BEGINNING of each year. If your firm's hurdle rate is 10%, what is the present value of five years' worth of rent?
a. P1,042,466.36
b. P170,753.36
c. P402,627.50
d. P155,230.33
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