Boomerang Innovations LLC Sum of the Present Values of the Expected Cash Flows Cash Flow Amount Type of Factor Year 2020 $ 400.000 PV 2021 430,000 PV 2022 451.500 PV 2023 487,620 2024 519.315 2025 545.281 PV PV PV PV PV 2026 599,809 2027 629.800 670.737 PV 2028 2029 727,749 PV Terminal value= Factor at 20% A B 0.5787 0.4823 0.4019 0.3349 0.2791 C 0.1938 0.1615 Present Value at 20% D E F 235.179 208.713 182.615 167,407 146.491 129989 117531 $2.081.120 Fral projected year cach flowx (1-Long-term cash flow growth rate) Discount rate-Long-term cash flow growth rate You want to determine the value of your business. You have determined the expected cash flows for the next ten years for the business and calculated the sum of the present values associated with these cash flows using a discount rate of 20%. Referencing the Sum of the Present Values of the Expected Cash Flows schedule above-and assuming the present value of the terminal value of your business is $688,399-what is the equity value of your business? 1 M