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The present value of $150,000 in annual cash flows given a 10% required rate of return will be: (a) greater than the present value given
The present value of $150,000 in annual cash flows given a 10% required rate of return will be:
(a) greater than the present value given a 12% required rate of return. (b) less than the present value given a 12% required rate of return. (c) equal to the present value given a 12% required rate of return. (d) unknown because it depends on the timing of the cash flows.
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