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Vaughn Manufacturing will receive $413000 in 7 years. If the appropriate interest rate is 11%, the present value of the $413000 receipt is a. $198240.

Vaughn Manufacturing will receive $413000 in 7 years. If the appropriate interest rate is 11%, the present value of the $413000 receipt is

a. $198240.

b. $611240.

c. $198926.

d. $857454.

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