Congratulations! You've won a state lotto! The state lottery offers you the following (aftertax) payout options: Option

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Congratulations! You've won a state lotto! The state lottery offers you the following (aftertax) payout options:
Option #1: $14,500,000 six years from now
Option #2: $2,200,000 at the end of each year for the next six years
Option #3: $12,500,000 four years from now
Requirement
Assuming that you can earn 6% on your funds, which option would you prefer?
Fantastic news! We've Found the answer you've been seeking!

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Related Book For  book-img-for-question

Managerial Accounting

ISBN: 978-0134128528

5th edition

Authors: Karen W. Braun, Wendy M. Tietz

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