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Gnasher, Inc. bought a new company as an investment. The company is anticipated to have...

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Accounting

Gnasher, Inc. bought a new company as an investment. The company is anticipated to have an annual profit of $160422 for a minimum of 26 years. Gnasher will also receive revenue from the company through licensing fees, which will begin at the end of year 8. The licensing fee revenue is anticipated to initially be $42814, which will increase by 10% each subsequent year. Gnasher will receive the licensing revenue for 8 years. If Gnasher is able to deposit the profit and the licensing revenue in an account paying 10%, compounded annually, how much would Gnasher have in the account at the end of the 26 years? Note: Gnasher will receive the first year of profit at the end of year 1 and the last year at the end of year 26 Gnasher will receive the first year of licensing fee revenue at the end of year 8. The licensing fee revenue will only be received for a short time in the middle of the CFD. Enter your answer as: 12345 Round your answer. Do not use a dollar sign ("$"), any commas (",") or a decimal point (".").

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