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Sunland Company will receive $397000 in 7 years. If the appropriate interest rate is 10%, the present value of the $397000 receipt is $773642. $599470.

Sunland Company will receive $397000 in 7 years. If the appropriate interest rate is 10%, the present value of the $397000 receipt is

$773642.

$599470.

$202470.

$203725.

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