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You just won a stock picking contest that will pay you $24,000 a year for 26 years, and you get the first payment today. What

You just won a stock picking contest that will pay you $24,000 a year for 26 years, and you get the first payment today. What is the prize worth to you today if your annual opportunity cost rate is 8.5 %?

$269,621

$266,498

$241,354

$248,498

$263,111

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