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If Lucy earns a 7% after-tax rate of return, $27,000 received in four years is worth how much today? Use Exhibit 3.1. (Round present and

If Lucy earns a 7% after-tax rate of return, $27,000 received in four years is worth how much today? Use Exhibit 3.1. (Round present and future value factor(s) to 3 decimal places.)

Multiple Choice

$27,000.

$25,134.

$29,399.

$20,601.

None of the choices are correct.

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