Question: #2 Groot Corp. expects to receive $40,000 at the end of every year for a total of 6 years. If Groot Corp. earns 9% annually

#2 Groot Corp. expects to receive $40,000 at the end of

#2 Groot Corp. expects to receive $40,000 at the end of every year for a total of 6 years. If Groot Corp. earns 9% annually on its investments, what is the present value of these future cash receipts

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