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- 6/21/2017
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Unformatted text preview:Required: a. Assuming that Harding can borrow funds at an 9% interest rate, determine the present value. (Use PV of $1 , PVA of $1 , and PVAD of $1 ) (Round "PV Factors" to 5 decimal places and final answers to the nearest dollar amount.) Alternative PV 1 $ 1,030,000 2 $ 1,015,501 3 $ 1,028,302 4 $ 1,065,885 b. Which is the best alternative for Harding? Alternative 2