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The Asset Privatization Trust had put up for sale a machine tools manufacturing plant. There...

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Accounting

The Asset Privatization Trust had put up for sale a machine tools manufacturing plant. There were 2 bidders with the following proposals: (1) Bidder "A" offered P10M, payable 20% down payment, the balance payable P1M annually for 8 years. (2) O Bidder "B" offered P9M, payable P2 M down payment, the balance payable P0.5M semi-annually for 7 years. Which bid is more beneficial to APT and by how much is the difference if money is worth 10% effective? Show by

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