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You are a financial consultant. A potential client offers to pay you a retainer of $ 2 0 , 0 0 0 today, and to
You are a financial consultant. A potential client offers to pay you a retainer of $ today, and to engage you for a project which will pay you annual cash inflows of $ $ and $ at the end of each of the next three years, respectively. What is the present value of this business proposition, given a discount rate?
A $
B $
C $
D $
E $
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