Sadie buys an art gallery for $5,000,000. In the first year of operation, the gallery...
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Accounting
Sadie buys an art gallery for $5,000,000. In the first year of operation, the gallery brings in a profit of $3,000,000. The second year she earns $6,000,000. In the third and final year of operation, the gallery earns $6,000,000. What is the annual worth of the art gallery? Sadies discount rate is 10%, and she pays no taxes.
A $3,100,000
B $3,300,000
C $2,100,000
D $2,900,000
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