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Many Acres Inc. has signed a contract to lease a huge farm. Payments will not start immediately. The first payment will be in 4 years.

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Many Acres Inc. has signed a contract to lease a huge farm. Payments will not start immediately. The first payment will be in 4 years. It will be $182000. After that payments will grow by 3.2 percent in perpetuity. What is the present value of all the future payments at a 10 percent discount rate? Select one: a. $1367393 O b. $2010872 O c. $1828065 O d. $2676471

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