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Arestaurant will operate for 30 more years. Cash flow was $200,000 last year and is expected to increase by 2% each year. The discount rate

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Arestaurant will operate for 30 more years. Cash flow was $200,000 last year and is expected to increase by 2% each year. The discount rate for a similar firm is 18%. Estimate the value of the firm. (Please round to the nearest thousand dollars) $1,111,000 $1,275,000 $1,259,000 $1,248,000 O

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