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What is the present worth of this grant

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Reference no: EM132608351

Question - Your company was recently granted a $100,000 per year funding to engineer a new product line. This funding will continue for 5 years. Inflation averages 3%, and the company's real MARR is 8%. If the first payment is a year from now and a total of 5 payments are to be made, what is the present worth of this grant?

Reference no: EM132608351

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