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Chancellor Ltd. sells an asset with a $11 million fair value to Sophie Inc. Sophie agrees to make six equal payments, each to be paid

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Chancellor Ltd. sells an asset with a $11 million fair value to Sophie Inc. Sophie agrees to make six equal payments, each to be paid one year apart, commencing on the date of sale. The payments include principal and 7% annual interest Compute the annual payments (EV of S1, P.01 $1. EVA 0151 PVA Of S1, FVAD OF S1 and PVADO 51 (Use appropriate factor(s) from the tables provided.) Multiple Choice $230,762 5190149 $215.678 591533

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