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Consider the following scenarios: a.A lump sum of $4,000,000today b.A lump sum of $5,000,000 in 10 years c.An annual annuity of $500,000 over the next

Consider the following scenarios:

a.A lump sum of $4,000,000today

b.A lump sum of $5,000,000 in 10 years

c.An annual annuity of $500,000 over the next 10 years.

If the appropriate interest rate is 6.00 percent, which option should you choose?

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