Cash account is in unexpectedly good shape at present time
Course:- Business Economics
Reference No.:- EM13737009

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Your company plans to spend $95,000 in four years to improve productivity at its central office. However, the company’s cash account is in unexpectedly good shape at the present time and the administration decides to pursue the project now rather than wait. If the company uses at interest rate of 12%, how much can it afford to spend today instead of spending $95,000 in four years? Round your answer to the nearer dollar.

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