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Your Firm Rents Office Space for $250,000 Per Year,due at the BEGINNING

Question 102

Multiple Choice

Your firm rents office space for $250,000 per year,due at the BEGINNING of each year.If your firm's hurdle rate is 10%,what is the present value of five years' worth of rent?


A) $871,713.00
B) $947,696.69
C) $1,042,466.36
D) $1,250,000.00

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