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(TCO 5) Which choice has a greater present value if we assume a required rate of return of 11%? (1) A lump-sum cash flow today

(TCO 5) Which choice has a greater present value if we assume a required rate of return of 11%? (1) A lump-sum cash flow today of $248.69 (2) $100 cash flows occurring 1, 2, and 3 years from today (3) A single cash flow of $331 3 years from today

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