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A firm with a 10% cost of capital makes a final cash flow projection of $10M for an infinitely lived project. The firm estimates a

A firm with a 10% cost of capital makes a final cash flow projection of $10M for an infinitely lived project. The firm estimates a terminal value at the end of the projection period equal to $210M, which implies that the firm projects cash flows beyond the projection period to grow at what constant periodic rate forever?

4.76%

5%

5.24%

10%

None of the above

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