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A company anticipates a taxable cash receipt of $20,000 in year 2 of a project. The company's tax rate is 31% and its discount rate

A company anticipates a taxable cash receipt of $20,000 in year 2 of a project. The company's tax rate is 31% and its discount rate is 6%.

Click here to view Exhibit 13B-1 to determine the appropriate discount factor(s) using table.

The present value of this future cash flow is closest to:

	$17,800
	$12,282
	$6,200
	$4,830

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