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The owners of Metlock de Trois-Rivires hockey club are considering a deal with an older,...

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Accounting

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The owners of Metlock de Trois-Rivires hockey club are considering a deal with an older, established club whereby they can acquire the services of Pierre Ivanhoe, a very high scorer and great gate attraction, in exchange for Michael Brown (currently paid $15,600 annually). The established club would also receive $520,000 cash from Metlock. The owners' accountants have assembled the following data: Other information: Click here to view the factor table. Based on your analysis of the data, calculate the net present value of Ivanhoe's services. (For calculation purposes, use 5 decimal places as displayed in the factor table provided, eg. 1.25124. If the net present value is negative, use either a negative sign preceding the number eg 45 or parentheses eg. (45).) Recommend whether or not the club should acquire the services of Pierre Ivanhoe

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