Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be
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Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near term. He anticipates his first annual cash flow from the technology to be $225,000, received two years from today. Subsequent annual cash flows will grow at 3.2 percent in perpetuity. What is the present value of the technology if the discount rate is 10.1 percent?
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Related Book For 
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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