Multiple Choice
Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of her royalty income if the opportunity cost is 12 percent?
A) $120,000
B) $ 67,800
C) $ 38,640
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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