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Quaker State inc, offers a new employee a single-sum signing bonus at the date of employment. Alternatively, the employee can receive $8,000 at the date

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Quaker State inc, offers a new employee a single-sum signing bonus at the date of employment. Alternatively, the employee can receive $8,000 at the date of employment plus $20,000 at the end of each of his first three years of sentice. Assuming the employee's time value of money is 10% annually, what lump sum at employment date would make him indiferent between the two options? Muliple Choice None of these answer chokes are correct. 562711 557737. $23,026

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