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Corona Limited acquires the net assets of Vaccine Limited for a cash consideration of $100 000. One half is to be paid on acquisition date

Corona Limited acquires the net assets of Vaccine Limited for a cash consideration of $100 000. One half is to be paid on acquisition date and one half is payable in one year’s time. The appropriate discount rate is 10% p.a. The present value of the cash outflow in one year’s time is:

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$90 909

$100 000

$110 000

$100 909

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