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Imprudential, Incorporated, has an unfunded pension liability of $ 5 5 0 million that must be paid in 1 6 years. To assess the value

Imprudential, Incorporated, has an unfunded pension liability of $550 million that must be paid in 16 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 7.5 percent, what is the present value of this liability?
Multiple Choice
$169,454,590
$159,079,819
$180,687,359
$172,912,847
$176,371,104

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