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Bob's Lottery Incorporated has decided to offer winners a choice of $180,000 in 10 years or some amount currently. Assume that Bob: Lottery Incorporated eams

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Bob's Lottery Incorporated has decided to offer winners a choice of $180,000 in 10 years or some amount currently. Assume that Bob: Lottery Incorporated eams a 12 percent after-tax rate of retum. What amount should Bob's offer lottery winners currently in order to be indifferent between the two choices? Use Exhibit 31. Note: Round your answer to the nearest whole dollar amount. EXHIBIT 3-1 Present Value of a Single Pavmont at Varinue A

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