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an investment promises to pay $6000 per year starting in 6 years. the cash flow from the investment is expected to increase by 5% per

an investment promises to pay $6000 per year starting in 6 years. the cash flow from the investment is expected to increase by 5% per year forever. if alternatice investments of similar risk earn a return of 12% per year, determine the max tou would be willing to pay for this investment today

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