Ozmyn has developed a prototype of a bullet- proof jacket. A supplier is considering the technology and has offered to pay Ozmyn RM30,000 in years 1,2 and 3, and RM40,000 in year 4 to 6. All payments...

Ozmyn has developed a prototype of a bullet- proof jacket. A supplier is considering the technology and has offered to pay Ozmyn RM30,000 in years 1,2 and 3, and RM40,000 in year 4 to 6. All payments will be made at the end of each year. i) If Ozmyn applies a required rate of return of 10% to them, calculate the present value of this series of payments.