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Pharoah Company has just purchased equipment that requires annual payments of $75000 to be paid at the end of each of the next 4 years.

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Pharoah Company has just purchased equipment that requires annual payments of $75000 to be paid at the end of each of the next 4 years. The appropriate discount rate is 10%. What is the present value of the payments? $273676 $237740 $283541 $170516

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