Question: A newly-designed prosthetic leg is expected to generate benefits equal to $500 million, but not until two (2) years from now. A newly-designed artificial hip

A newly-designed prosthetic leg is expected to generate benefits equal to $500 million, but not until two (2) years from now. A newly-designed artificial hip socket is expected to generate benefits equal to $625 million, but not until five (5) years from now. If we assume a discount rate of 8%, which device's benefits are greater in present value terms

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