Question: a company received 6 year contract to develop a new pump. what is the present worth of the contract at 10% per year interest if

a company received 6 year contract to develop a new pump. what is the present worth of the contract at 10% per year interest if the annual cost for 6 years is $8 million per year?

a. 34,842,400

b. 26,865,350

c. 17,448,800

d. 1,333,333.33

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