Multiple Choice
Mergenthaler Company has just purchased machinery that requires annual payments of $50,000 to be paid at the end of each of the next 4 years. The appropriate discount rate is 15%. What is the present value of the payments?
A) $142,749
B) $200,000
C) $58,719
D) $225,201
Correct Answer:
Verified
Correct Answer:
Verified
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