After twenty years, John Puller decided to retire and sell his business consulting firm for $12.5 million.

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After twenty years, John Puller decided to retire and sell his business consulting firm for $12.5 million. Since the company’s founding, profits have risen steadily at a rate of around 6 percent annually. Last year, the company generated after-tax profits of $250,000. At the current interest rate of 8 percent, is Puller’s asking price realistic?

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