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You are being offered one of the following presents: A. $300 in perpetuity (1st cash flow in one year) B. $900, 5 years annuity (1st

You are being offered one of the following presents: A. $300 in perpetuity (1st cash flow in one year) B. $900, 5 years annuity (1st cash flow in one year) C. $3,200 in cash today Assuming 9.0% discount rate, which of these presents will you prefer?

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