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Heavy Metals, Inc., pollutes the earth and must set up an asset retirement obligation on January 1, 20X1. Annual obligation upon retirement 120,000 Interest rate

Heavy Metals, Inc., pollutes the earth and must set up an asset retirement obligation on January 1, 20X1.

Annual obligation upon retirement 120,000
Interest rate 4.3%
Number of payments 5
Years until retirement 30

What is the asset retirement obligation for this company on January 1, 20X1?

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