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Calculate the present value of a growing annuity given the following information: current cash flows: $260,000; cash flow growth rate = 6%; timeframe = 65

Calculate the present value of a growing annuity given the following information: current cash flows: $260,000; cash flow growth rate = 6%; timeframe = 65 years; required rate of return = 14%.

Multiple Choice

$3,621,296
$3,521,296
$3,421,296
$3,321,296
$3,221,296

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