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Bryant Investing is putting out a new product. The product will pay out $32,000 in the first year, and after that the payouts will grow

Bryant Investing is putting out a new product. The product will pay out $32,000 in the first year, and after that the payouts will grow by an annual rate of 2.75 percent forever. If you can invest the csh flow at 7.25 percent how much will you be willing to pay for this perpetuity?

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