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A company is going through the bankruptcy proceedings. The trustee estimates the liquidation value of the company to be $4,115,600. Alternatively, a restructuring can provide

A company is going through the bankruptcy proceedings. The trustee estimates the liquidation value of the company to be $4,115,600. Alternatively, a restructuring can provide a perpetual annual cash flow starting one year from now and growing at 2.10% per year. How much must be the minimum cash flow next year to warrant a reorganization of the firm if the discount rate is 11.10%?

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