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Davenport Inc. offers a new employee a single-sum signing bonus at the date of employment. Alternatively, the employee can receive $41,000 at the date of

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Davenport Inc. offers a new employee a single-sum signing bonus at the date of employment. Alternatively, the employee can receive $41,000 at the date of employment and another $61,000 3 years later. Assuming the employee's time value of money is 7% annualy, what single sum at the employment date would make her indifferent between the two options? (EV of $1. PV of S1, FVA of $1. PVA of $1. FVAD of S1 and PVAD of 5.1) (Use appropriate factor(s) from the tables provided.) Multiple Choice 0 $102,000 584.128 $123,000 590,794

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