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Which of the two following options has a greater present value if we assume a required rate of return of 8%? Option (a):We receive a

Which of the two following options has a greater present value if we assume a required rate of return of 8%?

Option (a):We receive a lump-sum cash flow today of $248.69

Option (b):We receive a single cash flow of $331 exactly 3 years from today

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