Question: Orange Computers, Inc., is planning to spend $ 2 0 2 , 0 0 0 on the promotion of its new tablet next year. The

Orange Computers, Inc., is planning to spend $202,000 on the promotion of its new tablet next year. The current market interest rate is 6 percent. What is the present value of this promotional budget?
Multiple Choice
$190,566
$175,246
$185,223
$200,100

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