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PLEASE ANSWER THE QUESTION SHOW THE WORK Great Lakes Inc. has an unfunded pension liability of $300 million that must be paid in 18 years.

image text in transcribedPLEASE ANSWER THE QUESTION

SHOW THE WORK

Great Lakes Inc. has an unfunded pension liability of $300 million that must be paid in 18 years. The financial analyst wants to discount this liability back to, present for valuation purposes. The appropriate discount rate is 8%. What is the present value of this liability

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