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At a discount rate of 8%, how much is the present value of a perpetual annuity paying 100,000 each year? Select the correct response: 985,372

At a discount rate of 8%, how much is the present value of a perpetual annuity paying 100,000 each year? Select the correct response: 985,372 1,830,722 1,350,000 1,520,470

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