You are thinking of buying a craft emporium. It is expected to generate cash flows of Rs. 30,000 per year in years 1 through 5, and Rs. 40,000 per year in years 6 through 10. If the appropriate discount rate is 8%, what amount are you willing to pay for the emporium??

The amount are i am willing to pay for the emporium is $228,476

Explanation:

PV= 30000/1.08 + (30000/1.08^2) + (30000/1.08^3) + ((30000/1.08^4) +((30000/1.08^5) + (40000/1.08^6) +(40000/1.08^7) +((40000/1.08^8) +((40000/1.08^9) + ((40000/1.08^10)

PV =27,778 + 25,720 + 23,815 + 22,051 + 20,417 + 25,207 + 23,340 + 21,611 + 20,010 + 18,528

     = $228,476

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

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