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Sunland Company will receive $51000 today (January 1, 2020), and also on each January 1st for the next five years (2021 - 2025). What is

Sunland Company will receive $51000 today (January 1, 2020), and also on each January 1st for the next five years (2021 - 2025). What is the present value of the six $51000 receipts, assuming a 8% interest rate?

$235767.

$404063.

$374132.

$254628.

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