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Fraser Company will need a new warehouse in thirteen years. The warehouse will cost $360,000...

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Accounting

Fraser Company will need a new warehouse in thirteen years. The warehouse will cost $360,000 to build.
Required:
What lump-sum amount should the company invest now to have the $360,000 available at the end of the thirteen-year period? Assume that the company can invest money at: (Round your final answer to the nearest whole dollar amount.)
\table[[,Present Value],[1. Six percent,],[2. Fourteen percent,]]
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