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An investment promises to pay you $ 4 0 0 per year starting in 5 years. The cash flow from the investment is expected to
An investment promises to pay you $ per year starting in years. The cash flow from the investment is expected to increase by percent per year forever. If alternative investments of similar risk earn a return of percent per year, determine the maximum you would be willing to pay for the investment. Round answer to decimal places, eg Do not round your intermediate calculations.
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