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Gloria Ammon has just won the state lottery and has the following three payout options for after-tax prize money: of each of the next six

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Gloria Ammon has just won the state lottery and has the following three payout options for after-tax prize money: of each of the next six years 1. $64,000 per year at the end 2. $312,000 (lump sum) now 3. $512,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the third option. (Round to nearest whole dollar.)

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