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    Exam 3: Taxes As Transaction Costs
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    Use the Present Value Tables Included in Appendix a of Your
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Use the Present Value Tables Included in Appendix a of Your

Question 79

Question 79

Multiple Choice

Use the present value tables included in Appendix A of your textbook to compute the NPV of $12,500 received in year 5 at a 6% discount rate.


A) $8,745.50
B) $9,337.50
C) $9,900.00
D) None of the above

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