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Quaker State Inc. offers a new employee a lump-sum signing bonus at the date of employment. Alternatively, the employee can take $8,000 at the date
Quaker State Inc. offers a new employee a lump-sum signing bonus at the date of employment. Alternatively, the employee can take $8,000 at the date of employment plus $25,000 at the end of each of his first two years of service. Assuming the employee's ti e value o money s 11% annually, what lumo s m amount a the employment date ould make himindi eren between the two options? (EVof$1. PyofS1. EV of$1, and PVAofSj),Use appropriate factor(s) from the tables provided.) $53,313 O $56,513 O None of these is correct $50,813
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