Discuss on investment plan for peterson music

Reference no: EM1311493

Discuss on Investment plan for Peterson Music has the chance to purchase the copyright to a new album of songs. It is estimated that the copyright will generate a cash flow of $130,000 a year for 6 years with no value after year 6. What should Peterson Music pay for the copyright if they want to earn 11 percent per year on their investment?

Reference no: EM1311493

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