After having successfully run quink inc into the ground


After having successfully run Quink Inc. into the ground, Chuck Quink, its president, is about to retire. He realizes that at today's prices he needs about one million dollars a year to survive, but also believes that inflation will be about 8% per year for the remainder of his life with only a 5% investment return. If he expects to live another 35 years how much of a golden handshake should he be given to ensure that he can maintain the lifestyle to which he is used.

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Financial Management: After having successfully run quink inc into the ground
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