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​Wally, president of​ Wally's Burgers, is considering franchising. He has a potential franchise agreement that would...

​Wally, president of​ Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive

19 ​end-of-year payments starting one year from now. The first two payments would be ​$26,000 and $22,000

in one and two years​ respectively, and then ​$17,000 per year after that for 17 years. If Wally requires a return of 8.3 %

what is the present value of this stream of cash​ flows?

What is the present value of this stream of cash​ flows?

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