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Mary is considering opening a hobby and craft store. Mary plans to operate the business...

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Accounting

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Mary is considering opening a hobby and craft store. Mary plans to operate the business for six years. Mary requires a minimum 6% return on this investment. Ignore income taxes in this problem.) The data pertaining to her investment opportunity are: Cost of equipment $175,000 Working capital needed $185,000 Annual cash inflow fromm sales $190,000 Annual cash outflow for operating costs $145,000 Salvage value of equipment $20,000 Mary plans to operate the business for six years. Mary requires a minimum 6% return on this investment. What is the present value factor you will use for cash inflows that come JUST in year 6? Enter your answer to three decimals

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