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A Company is in the process of purchasing several large pieces of equipment. One of their alternatives is to make one lump-sum payment of $363,330

A Company is in the process of purchasing several large pieces of equipment. One of their alternatives is to make one lump-sum payment of $363,330 three years from date of purchase. If they use this alternative, and assuming 8% reflects the time value of money, what value will they use to record the equipment?

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