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You were working for Rolling Hills when you became injured on the job. The Rolling Hills Company offers you one of three settlement options to

You were working for Rolling Hills when you became injured on the job. The Rolling Hills Company offers you one of three settlement options to choose from.

  • Option 1: $400,000 today

Which option should you choose if your discount rate is 7.5%? Why?

Provide the answer for OPTION 1 (in this format x,xxx.xx)

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