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An investment, which has an expected return of 1 6 . 2 0 % , is expected to make annual cash flows forever. The first

An investment, which has an expected return of 16.20%, is expected to make annual cash flows forever. The first annual cash flow is expected in 1 year and all subsequent annual cash flows are expected to grow at a constant rate of 3.70% per year. The cash flow in 1 year is expected to be $41,998.00. What is the present value (as of today) of the cash flow that is expected to be made in 4 years?

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