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Pearson Limited acquires the net assets of Hardman Limited for a cash consideration of $80 000. One half is to be paid on acquisition date

Pearson Limited acquires the net assets of Hardman Limited for a cash consideration of $80 000. One half is to be paid on acquisition date and the other half is payable in one years time. The appropriate discount rate is 8% p.a. The present value of the cash outflow in one years time is:

$40 000.

$37 037.

$36 364.

$43 201.

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