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An aircraft company has signed a contract to deliver a plane 3 years from now.The price they will receive at the end of 3 years is $20 million.If the firm's cost of capital is 6%,what is the present value of this payment?
Categorical Imperative
is a concept within Immanuel Kant's moral philosophy stating that certain actions are unconditionally required or forbidden, regardless of their outcomes.
Morally Permissible
An action or choice that is deemed acceptable or right according to moral principles or standards.
Capable of Rational Behavior
Refers to the ability of an individual to make reasoned decisions based on logic and reasoning.
Emotional
Relating to one's feelings or emotions, often implicating the capacity to experience and respond to feelings both internally and in interaction with others.
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