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A firm's current annual profit is $320,000.If the profit is expected to grow at an annual rate of 2.25% and the discount rate is 3.75%,
A firm's current annual profit is $320,000.If the profit is expected to grow at an annual rate of 2.25% and the discount rate is 3.75%, what is the value of the firm?Round your final answer to the nearest dollar.
Group of answer choices
$21,813,333
$21,617,336
$22,133,333
$22,467,667
None of the answers listed is correct.
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