A Small Craft Store Located in a Kiosk Expects to Generate

Multiple Choice

A small craft store located in a kiosk expects to generate annual cash flows of $6,800 for the next three years.At the end of the three years,the business is expected to be sold for $15,000.What is the value of this business at a discount rate of 15 percent?

A) $30,100.07
B) $29,408.27
C) $25,388.67
D) $17,409.09
E) $19,477.67