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What is the present value of an annual payment of $100,000 that is received in perpetuity if the discount rate is 12.5%? $854,126 $800,000 $746,854

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What is the present value of an annual payment of $100,000 that is received in perpetuity if the discount rate is 12.5%? $854,126 $800,000 $746,854 $699,877 None of the above

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