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Calculate the present value of a growing annuity given the following information: currentcash flows: $ 1 2 0 , 0 0 0 ; cash flow

Calculate the present value of a growing annuity given the following information: currentcash flows: $120,000; cash flow growth rate =3%; timeframe =30years; required rate ofreturn =7%.A) $2,243,413B) $2,143,413C) $2,043,413D) $1,943,413E) $1,843,413

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