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An all equity firm (i.e. no debt) it expected to produce cash flow in the amount of $110,000 in its first year of operation. Cash

An all equity firm (i.e. no debt) it expected to produce cash flow in the amount of $110,000 in its first year of operation. Cash flow is expected to grow at 1% for the forseeable future. If the firm's investors require 15% return, what is the Market Value of the Firm?

a. $111,100

b. $733,333

c. $785,714

d. Cannot calculate with given information

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