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5 ) What if the perpetuity paid $ 4 . 7 5 last year ( ttm ) and is expected to pay $ 5 next

5) What if the perpetuity paid $4.75 last year (ttm) and is expected to pay $5 next year and $6 in year 2 and $7 in year 3 and then is expected to grow at a constant rate of 4.8% after year 3. What is the PV of the perpetuity at a discount rate of 8%?

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