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Waterway Industries will receive $1800000 in 6 years. If the appropriate interest rate is 10%, the present value of the $1800000 receipt is $1008000. $3188808.

Waterway Industries will receive $1800000 in 6 years. If the appropriate interest rate is 10%, the present value of the $1800000 receipt is

$1008000.

$3188808.

$1016046.

$2808000.

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