You want to bid on a company that will generate $50,000 a year for the next 3 years. At the end of the third year the company will be liquidated, and all the assets will be sold for $150,000. Assume a discount rate of 6%. How much should you bid?

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Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of