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Sharon Smith will receive $1.18 million in 25 years. The discount rate is 8%. As an alternative, she can receive $172,280 today. Which should she

Sharon Smith will receive $1.18 million in 25 years. The discount rate is 8%. As an alternative, she can receive $172,280 today. Which should she choose? Use Appendix B. (Round "PV Factor" to 3 decimal places.)

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