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Question 3 Not yet answered Marked out of 6.00 P Flag question Burak's grandparents have made him two offers. The first offer includes annual cash
Question 3 Not yet answered Marked out of 6.00 P Flag question Burak's grandparents have made him two offers. The first offer includes annual cash flows of $10,000, $12,000, and 513,000 at the end of each of the next three years, respectively. The other offer is the payment of one lump sum amount today. The discount rate is 10 percent and Burak is trying to decide which offer to accept. What is the minimum amount that he will accept today if he is going to choose the lump sum offer? (Do not round intermediate calculations and round our answer to 2 decimal places, e.g. 12.47.) "Us page
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