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A businessman, the opinion of the next year is expected to be 166,000. If he does not follow up on the project, his annual salary
A businessman, the opinion of the next year is expected to be 166,000. If he does not follow up on the project, his annual salary will grow by 6% for the next 20 years of his career. Assume that the employment risk is equal to the investment risk in the market, the discount rate is 12% What is the value of the human capital of the businessman?
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