Suppose that Healdsburg enters into a sales contract with an auto manufacturer on January 1, 2009, to provide tires that cost Healdsburg $18 million to produce. The buyer offers Healdsburg $6 million in cash and agrees to take over the principal payment only on Healdsburg 's 6.55% debt notes. Assume that the going market interest is 7% at the time. What would Healdsburg's gross profit be on the sale?

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The Answer of Suppose that Healdsburg enters into a sales contract with an auto manufacturer on January 1, 2009, to provide tires that cost Healdsburg $18 million to produce. The buyer offers Healdsburg $6 million in cash and agrees to take over the principal payment only on Healdsburg 's 6.55% debt notes. Assume that the going market interest is 7% at the time. What would Healdsburg's gross profit be on the sale?

Suppose That Healdsburg Enters into a Sales Contract with an Auto