Examlex
O'Reilly is a masterful lottery player.The megamillion jackpot is now up to $200 million.If O'Reilly wins the jackpot,he has a choice of receiving $200 million in 5 years or a smaller lump sum currently.Advise O'Reilly on his choice under the following scenarios.Which option should he take and why? Use Exhibit 3.1 in the text.
a.O'Reilly's after-tax return is 10%.If he chooses the current lump sum option,the lottery will pay him $130 million.
b.O'Reilly's after-tax return is 10%.His current tax rate will be 35% if he receives the lottery payment now.His expected tax rate in five years will be 40%.If he chooses the current lump sum option,the lottery will pay him $100 million.
Safety And Security
refers to the condition of being protected from or not exposed to danger or risk, and having one's basic human needs met.
Physiological Needs
Basic physical requirements including food, water, air, and shelter that must be met to maintain life.
Love And Belongingness
A human emotional need to be an accepted member of a group, as postulated in Maslow's hierarchy of needs.
Sexual Patterns
Typical behaviors, practices, or attitudes regarding sex, which can vary widely among individuals and cultures.
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