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George Penny will receive $29,500 for the next 10 years as a payment for a...

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Accounting

George Penny will receive $29,500 for the next 10 years as a payment for a slogan he coined. Currently a 13 percent discount rate is appropriate: (Use a Financial calculator to arrive at the answers. 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 $246,000?
Yes
No
b-1. Calculate the present value if the payments will be made at the beginning of the year.
Present value
$
b-2. Should he be willing to sell his future rights now for $246,000, if payments will be made at the beginning of the year?
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