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3. You expect that a business will earn an after-tax cash flow as follows: Year 1 2 3 Cash Flow $100,000 $150,000 $175,000 If your
3. You expect that a business will earn an after-tax cash flow as follows:
Year 1 2 3
Cash Flow $100,000 $150,000 $175,000
If your cost of capital is 10.0%, what is the approximate value of the business?
| $297,518 | ||
| $346,356 | ||
| $386,364 | ||
| $425,000 |
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