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A person has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, she

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A person has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, she would receive a lump sum of $137,000 immediately as her full retirement benefit. Under the second option, she would recelve $26,000 each year for 7 years plus a lump-sum payment of $56,000 at the end of the 7-year period. The PVIF and PVIFA tables are provided below. Required: Calculate the present value for the following assuming that the money can be invested at 14%. Complete this question by entering your answers in the tabs below. Calculate the present value for the following assuming that the money can be invested at 14%. (Round your final answer to the nearest whole dollar amount.)

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