You have a sub-contracting job with a local manufacturing firm. Your agreement calls for annual payments of $50,000 for the next five years. At a discount rate of 12 percent, what is the job worth to you today?
a. $180,238.81
b. $201,867.47
c. $223,162.58
d. $223,162.58
e. $224,267.10
a. $180,238.81
b. $201,867.47
c. $223,162.58
d. $223,162.58
e. $224,267.10