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If a $5 million lottery pays $3 million in cash, or offers $5 million in annual installments we reject the cash offer outright because $3

If a $5 million lottery pays $3 million in cash, or offers $5 million in annual installments

we reject the cash offer outright because $3 million is less than $5 million..

we should accept the cash offer if NPV is positive.

we should accept the cash offer if NPV is negative.

we need to take the cash offer because cash is king.

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