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Suppose there is a real benefit worth $ 1 0 0 , 0 0 0 that will be generated in year 1 4 of a

Suppose there is a real benefit worth $100,000 that will be generated in year 14 of a project. If the real discount rate is 10%, what is the present value of that benefit?
a.
$25,000
b.
$5,000
c.
$75,000
d.
$100,000

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