A firm will have constant profits of $100,000 per year for the next four years, and the interest rate is 6 percent. Assuming these profits are realized at the end of each year, what is the present value of these future profits?
rev: 10_09_2014_QC_55537, 01_19_2015_QC_CS-4218
$325,816.49
$376,741.64
$400,000.85
$346,510.56