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PowerBalls Inc. is a company that offers prizes to holders of lotter tickets. The offer to the winner of such a prize comes as a

PowerBalls Inc. is a company that offers prizes to holders of lotter tickets. The offer to the winner of such a prize comes as a choice of two options: (a) $1.0 million today, January 1, 2023, in cash (b) $50.0 thousands each January 1 of years 2024, 2025, and so on forever. For what range of discount rates would you take option (b)

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