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5.You face the choice of two sponsorships, the first one is a 3-year sponsorship for $75,000 per year and the second is a 5-year sponsorship

5.You face the choice of two sponsorships, the first one is a 3-year sponsorship for $75,000 per year and the second is a 5-year sponsorship at $55,000 per year. If the discount rate is 8%, which is the better choice utilizing the present value of money?

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