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You have just won the Texas State Lottery

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You have just won the Texas State Lottery. You can (1) receive a million dollars a year, for twenty years, with the first payment being made today or you can (2) elect to take immediate cash payment of $9,000,000 for the total prize value. Your required return for all investments at this time is 10%. Ignoring taxes and any non-financial considerations, which alternative should you take and WHY? (Show computations to support your answer.)

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