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Cash flow 2. Environmental recovery company RexChem Partners plans to finance a site reclamation project...

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Accounting

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Cash flow 2. Environmental recovery company RexChem Partners plans to finance a site reclamation project that will require a 4 year cleanup period. The company plans to borrow $3.6 million now. How much will the company have to get in a lump sum payment when the project is over in order to earn 24% per year, compounded quarterly, on its investment (10pts) P= 3,600,000 n=4. = 24% F=b 600,000 (F/P,24%)16) F = P(1+i)" - 3,600,000 (17.24) 3,600,000 (31.2405) TT1173000

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