A company has the option of building a warehouse now or


A company has the option of building a warehouse now or building it three years from now. The cost now would be $500,000, but three years from now the cost is estimated to be $600,000. If the company's MARR (real i) is 15 % per year and the inflation rate is 9 % per year over the next three years, what is the present worth cost today of the $600,000 building purchased three years now when inflation is considered? (Enter your answer as a number without the dollar $ sign.)

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Business Management: A company has the option of building a warehouse now or
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