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Texas Lottery Inc. has decided to offer winners a choice of $145,000 in 5 years or some amount currently. Assume that Texas Lottery Inc eams

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Texas Lottery Inc. has decided to offer winners a choice of $145,000 in 5 years or some amount currently. Assume that Texas Lottery Inc eams a 10 percent after-tax rate of return. What should the Lottery offer lottery winners currently, in order for them to be indifferent between the two choices

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