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Due July 8, 2021 Questions 4-5 are based on the following information. Discounted Cash Flow Valuation. Your best friend will receive $120,000 a year for

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Due July 8, 2021 Questions 4-5 are based on the following information. Discounted Cash Flow Valuation. Your best friend will receive $120,000 a year for 10 years, starting today. He wants you to use the information you received in your Business Finance class to help him answer some questions. 4. If the rate of return is 8.4 percent, what are these payments worth today? a. $857,316.21 b. $840,521.22 c. $790,882.12 d. $788,902.31 5. How much would he receive at the beginning of each year, starting today, if he invested $1,000,000? a. $140,041.41 b. $139,971.69 c. $141,654.32 d. $138,735.01 Questions 4-5 end

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