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## Accounting

 Accounting Basics Cost Accounting Financial Accounting Managerial Accounting Auditing Taxation

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

• Category:- Accounting Basics
• Reference No.:- M919578

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