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An investment is expected to generate monthly cash flows forever, with the first cash flow coming exactly 1 month from today and each subsequent cash

An investment is expected to generate monthly cash flows forever, with the first cash flow coming exactly 1 month from today and each subsequent cash flow coming exactly one month after the previous cash flow. The amount of the first cash flow is expected to be $3. Each subsequent cash flow is expected to be 1+g times the amount of the previous cash flow. The discount rate applicable to this investment is 12% per year compounded monthly. The value of this investment today is $400. What is the growth rate, g, of the cash flows generated by this investment? Round all intermediate calculations to 6 decimal points. Your final answer should be within 0.05% of the correct answer choice.

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