An Aircraft Company Has Signed A Contract To Deliver A Plane 3 Years From Now. The Price They Will Receive At The End Of 3 Years Is $20 Million. If The Firm's Cost Of Capital Is 6%, What Is The Present Value Of This Payment?
- An aircraft company has signed a contract to deliver a plane 3years from now. The price they will receive at the end of 3 yearsis $20 million. If the firm's cost of capital is 6%, what is thepresent value of this payment?
