The present value to the owner

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A pine plantation returns nothing to its owner in the first 2 years. In the following 2 years, the returns are $100,000 and $150,000, respectively. The returns can be invested at 8% per annum.

Fill in the blank below with an answer that is correct to 2 decimal places.

The present value to the owner is $_________.

Reference no: EM131315798

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