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29. Estimate a ventures required rate of return based on the following information: terminal value = $400,000; current years net income = $20,000; next years
29. Estimate a ventures required rate of return based on the following information: terminal value = $400,000; current years net income = $20,000; next years expected cash flow = $25,000; and a constant growth rate = 7%.
a. 6%
b. 7%
c. 8%
d. 9%
e. 10%
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