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Today is january 1, 2015. The annual discount rate is 10%. beginning in 2016, you will receive $10,000 on the first day of every year.

Today is january 1, 2015. The annual discount rate is 10%. beginning in 2016, you will receive $10,000 on the first day of every year. What is the present value of this infinite sequence of cash flows?

Answer Options:

$60,000

$70,000

$110,000

$90,000

None of the Above

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