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A growing perpetuity pays an initial $ 1 , 6 8 7 cash flow. Future cash flows grow at 2 % per year thereafter. If
A growing perpetuity pays an initial $ cash flow. Future cash flows grow at per year thereafter. If the first cash flow doesn't occur until years from today and the discount rate is what is the present value of this series of cash flows? Round your answer to the nearest dollar.
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