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You have just paid $26 Million in the secondary market for the winning Powerball Lottery Ticket. The annual payment is $4 million at the

You have just paid $26 Million in the secondary market for the winning Powerball \ Lottery Ticket. The annual payment is $4 million at the end of each year for the next 10 years. \ f your required rate of return is 8 percent, what is the Net Present Value (NPV) of the deal? \ (Review the Slide on Calculating NPV in the PPT and how we calculated using EXCEL)

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