You believe that the appropriate annual rate of return for


A) You won the Mass Millions Lottery. You are offered two options: a lump sum day one payment of $23,000,000, or 6 annual payments of $5,000,000 to be received at the end of each year. You believe that the appropriate annual rate of return for this stream of CFs should be 8%. Which option do you choose and why?

B) How much would you make?

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Business Management: You believe that the appropriate annual rate of return for
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