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Bob's Lottery Incorporated has decided to offer winners a choice of $ 1 5 5 , 0 0 0 in 1 0 years or some

Bob's Lottery Incorporated has decided to offer winners a choice of $155,000 in 10 years or some amount currently. Assume that Bob's
Lottery Incorporated earns a 7 percent after-tax rate of return. What amount should Bob's offer lottery winners currently in order to be
indifferent between the two choices? Use Exhibit 3.1.
Note: Round your answer to the nearest whole dollar amount.
Amount

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