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Davenport Inc. offers a new employee two options. First, the employee can receive a one-time signing bonus at the date of employment. Second, the employee

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Davenport Inc. offers a new employee two options. First, the employee can receive a one-time signing bonus at the date of employment. Second, the employee can take $34.000 at the date of employment and another $59.000 four years later. Assuming the employee's time value of money is 10% annually, what single payment in the first option would be equal to the total of the payments in the second option? (EV of $1. PV of $1. EVA 0 $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.) Multiple Choice O $74,298 $31,000 $82.222 $93,000

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