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1. Unless specified otherwise, the stated interest rate is an annual rate that compounds once per year. 2. For best results, work all calculations using
1. Unless specified otherwise, the stated interest rate is an annual rate that compounds once per year. 2. For best results, work all calculations using at least four decimal places of accuracy. 3. All cashflows are assumed to occur at the end of the period, unless stated otherwise. 1 5 points You sold your online business to Google. Google agreed to pay you $30,000 now, $50,000 per year for the next 6 years and $100,000 in 6 years if the business meets certain performance targets. If you invested the money, you would earn a return of 7%. What comes closest to the present value of the combined cash flows, assuming the performance targets are met? 0 334,960 O 310,000 338,330 0 268,330
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