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An investment, which has an expected return of 19.62 percent, is expected to make annual cash flows forever.The first annual cash flow is expected in
An investment, which has an expected return of 19.62 percent, 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 3.69 percent per year.The cash flowin 1 year from today is expected to be 16,390 dollars.What is the present value (as of today) of the cash flow that is expected to be made in 8 years?
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