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Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would

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Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $141,000 immediately as her full retirement benefit. Under the second option, she would receive $20,000 each year for 8 years plus a lump-sum payment of $60,000 at the end of the 8-year period Click here to view Exhibit 138-1 and Exhibit 138-2. to determine the appropriate discount factor(s) using tables Required: 1a. Calculate the present value for the following assuming that the money can be invested at 9%. 1-b. If she can invest money at 9%, which option would you recommend that she accept

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