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Longhorn Industries desires a 10% return on investments and the cash to be received in two years is $100,000. Determine the present value of the

Longhorn Industries desires a 10% return on investments and the cash to be received in two years is $100,000. Determine the present value of the $100,000 (which will be the amount the company will be willing to pay today), using the following partial table of present value of $1 at compound interest:

Year

6%

10%

12%

1

.943

.909

.893

2

.890

.826

.797

3

.840

.751

.712

4

.792

.683

.636

Group of answer choices

$90,900

89,000

$82,600

$94,300

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