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Question 7 1 pts Lorraine Jackson won a lottery. She will have a choice of receiving an annuity of $25.000 at the end of each

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Question 7 1 pts Lorraine Jackson won a lottery. She will have a choice of receiving an annuity of $25.000 at the end of each year for the next 30 years, or a lump sum of $240.400 today. If she can earn a return of 9 percent on any investment she makes, what should she do? (Round to the nearest hundred dollars.) Take the lump sun because its value is less than the annuity's value Take the annuity because its value is less than $240,400 Take the lump sum because its value is more than the annuity's value Take the annuity because its value is more than $240.400. Question 8 1 pts Strange Manufacturing Company is considering the purchase of a production facility at a cost of $21 million. The form expects the project to generate annual cash flows of $7 million over the next five years. Its cost of capital is 18 percent. What is the net present value of this project and should Strange purchase the facility? (Do not round intermediate computations. Round final answer to nearest dollar.) $890,197, Yes $1.213.909. No $1,213,909, Yes $890,197, No MacBook Air

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