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George Penny will receive $32,250 for the next 10 years as a payment for a slogan...

George Penny will receive $32,250 for the next 10 years as a payment for a slogan he coined. Currently a 6 percent discount rate is appropriate. Use Appendix D. (Round "PV Factor" to 3 decimal places. Round the final answers to the nearest whole dollar.)

a-1. Calculate the present value. Present value $

a-2. Should he be willing to sell his future rights now for $240,000? Yes No

b-1. Calculate the present value if the payments will be made at the beginning of each year. Present value $

b-2. Should he be willing to sell his future rights now for $240,000, if payments will be made at the beginning of the year? Yes No

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