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D) $51.880 Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book. Wh at is
D) $51.880 Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book. Wh at is the present value of her royalty income if the opportunity cost is 12 percent? (5 point) A) S120,000 B) S 67.800 C) S 38.640 D) None of the above
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