Question: Assuming a 14% required rate of return, the present value of a $10,000 annual cash flow to be received for the next 20 years is:

Assuming a 14% required rate of return, the present value of a $10,000 annual cash flow to be received for the next 20 years is:

(a) $1,401 (b) $46,106 (c) $66,231 (d) $200,000

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