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You have just won the Powerball Lottery with a jackpot of $ 3 2 9 , 0 0 0 , 0 0 0 . No
You have just won the Powerball Lottery with a jackpot of $ No one else had the winning ticket so it's all yours! You remember taxes in your finance class and know that if you take a lump sum, it will cost you almost $ million dollars. So you elect to take the year payout. Your winnings will be paid to you in equal annual installments with the first payment made at the end of the year. If you feel the appropriate annual discount rate is what is the value to you of the $ annual cash flow after years into the payout?
A $
B $
C $
D $
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