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VestCo expects to collect $53,000 2 years from today. Assuming an 8% required rate of return the present value of the $53,000 future collection is

VestCo expects to collect $53,000 2 years from today. Assuming an 8% required rate of return the present value of the $53,000 future collection is (Use the PV of $1 table) (Round your answer to the nearest whole dollar.)

a.53000

b.55439

c. 45439

d.the answer can not be determined by the info given

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