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Pershing Industries is considering a project that would provide a single cash inflow eight years from now of $80,000. What is the most that Pershing

Pershing Industries is considering a project that would provide a single cash inflow eight years from now of $80,000. What is the most that Pershing would be willing to spend on this project if the discount rate is 16%? Ignore income taxes.

Group of answer choices

$262,295

$288,400

$22,191

$24,400

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