Zetterberg Builders is given two options for making payments on a brush hog. Find the...
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Zetterberg Builders is given two options for making payments on a brush hog. Find the value of X such that they would be indifferent between the two cash flow profiles if their TVOM is 6.5% per year compounded yearly. End of Year Series 1 Series 2 0 $250 $0 1 $300 $0 2 $350 $35X 3 $400 $25X 4 5 $15X $5X Value of X: $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 4
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