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Bubba (Hightower) Jones has an offer to play pro football in the Arena League. Part of his contract calls for him to receive a signing

Bubba (Hightower) Jones has an offer to play pro football in the Arena League. Part of his contract calls for him to receive a signing bonus, payable as follows: $100000 immediately, $50000 in two years, and $140000 in 6 years. What is the (net) present value of the signing bonus, assuming 9.3% effective interest? (Answer in dollars)

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