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Thankful State Inc. offers a new employee two options. First, the employee can receive a one-time signing bonus at the date of employment Second, the
Thankful State Inc. offers a new employee two options. First, the employee can receive a one-time signing bonus at the date of employment Second, the employee can take $7,500 at the date of employment plus $24.000 at the end of each of his first five years of service. Assuming the employee's time value of money is 12% annually, what single payment in the first option would be equal to the total of the payments in the second option? (EV of S1, PV of S1. EVA of S1, and PVA of S1). (Use appropriate factor(s) from the tables provided.) Multiple Choice $92,015 None of the choices are correct $94015 $13,551
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