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A company anticipates a taxable cash receipt of $30,000 in year 3 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 3 of a project. The company's tax rate is 30% and its discount rate is 10%. The present value of this future cash flow is closest to: 1) $15,778. 2) $6,762. 3) $9,000. 4) $21,000

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