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A company anticipates a taxable cash receipt of $30,000 in year 2 of a project. The company's tax rate is 30% and its discount rate

A company anticipates a taxable cash receipt of $30,000 in year 2 of a project. The company's tax rate is 30% and its discount rate is 13%.

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: (Round discount factor(s) to 3 decimal places and your final answer to the nearest whole number.)
$7,266
$9,000
$23,490
$16,443

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