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1. You have just paid $20 million in secondary market for winning Powerball lottery ticket. Prize is $2 million at end of the year for next 25 years. If your required rate of return is 8 percent, find out net present value (NPV) of deal?

2. Determine modified internal rate of return (MIRR) of Powerball deal in problem 1?

Accounting Basics, Accounting

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