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A lottery winner was given a perpetual payment of $25,362. She could invest the cash flows at 7 percent annually. What is the present value

A lottery winner was given a perpetual payment of $25,362. She could invest the cash flows at 7 percent annually. What is the present value of this perpetuity? (Round to the nearest dollar.) $238,160 $338,160 $362,314 $374,433

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