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1.A restaurant will operate for 30 more years. Cash flow was $200,000 last year and is expected to increase by 2% each year. The discount

1.A restaurant will operate for 30 more years. Cash flow was $200,000last yearand is expected to increase by 2% each year. The discount rate for a similar firm is 18%. Estimate the value of the firm. (Please round to the nearestthousand dollars)

a $1,275,000

b $1,259,000

c $1,248,000

d $1,111,000

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