What is the present value of five years worth of rent

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Reference no: EM132815403

Problem 1: Your firm rents office space for P250,000 per year, due at the BEGINNING of each year. If your firm's hurdle rate is 10%, what is the present value of five years' worth of rent?

Option 1: P402,627.50
Option 2: P170,753.36
Option 3: P155,230.33
Option 4: P1,042,466.36

Reference no: EM132815403

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