Which alternative should splish select

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Reference no: EM133002035

Problem 1: Splish Inc. has $ 702,260 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $ 93,186 at the end of each year for 12 years, and the other is to receive a single lump-sum payment of $ 2,203,990 at the end of the 12 years. Which alternative should Splish select?

Reference no: EM133002035

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