Answer: $â€2,592,156.9‬0
Explanation:
The payments of $461,000 are constant so this will be an annuity.
The present value of the cashflow being offered will therefore be the $461,000 being paid today plus the present value of the annuity.
Present value of Annuity = Annuity * Present value interest factor for 8%, 6 years.
= 461,000 * 4.6229
= $2,131,156.9‬0
Present Value of cashflow;
= 461,000 + 2,131,156.9‬
= $â€2,592,156.9‬0