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Carrie will receive her grandfather's farm when he dies. The farm is expected to earn $350,000 each year forever. Carrie expects her grandfather will die

image text in transcribed Carrie will receive her grandfather's farm when he dies. The farm is expected to earn $350,000 each year forever. Carrie expects her grandfather will die in 8 years after that year's cash flow has been paid. The appropriate discount rate is 8%. What is the value of Carrie's inheritance when her grandfather dies? What is the value of Carrie's inheritance today

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