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What is the present value of a perpetuity that pays $3,800 per year if the discount rate is 14 percent? a. $3,333.33 b. $27,142.86 c.

What is the present value of a perpetuity that pays $3,800 per year if the discount rate is 14 percent?

a.

$3,333.33
b.

$27,142.86
c.

$22,800.00
d.

(Infinity)
e.

$39,357.14

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