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Mary Alice just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $400,000 per

Mary Alice just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $400,000 per year for 25 years beginning today, or receiving one lump-sum amount today. Mary Alice can earn 5% investing this money. At what lump-sum payment amount would she be indifferent between the two alternatives?

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