A firm will have constant profits of $100,000 per year for the next four years, and the

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A firm will have constant profits of $100,000 per year for the next four years, and the interest rate is 6 percent. Assuming these profits are realized at the end of each year, what is the present value of these future profits?
(a). $325,816.49
(b). $376,741.64
(c). $400,000.85
(d). $346,510.56
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