A company just recorded a profit of $1,600,000. This profit is expected to grow at 4% for the foreseeable future. Investors require an 8.7% rate
A company just recorded a profit of $1,600,000. This profit is expected to grow at 4% for the foreseeable future. Investors require an 8.7% rate of return and the company has a book value of equity equal to $4,500,000.
What is the value of this firm's continuing operations (PV of future cash flows associated with this firm)?
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Authors: Charles Long
1st Edition
0874204305, 978-0874204308
