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Cash flow at year 0 is 1000. Cash flows grow at 10% from years 1 to year 5, then grow at 3% starting from year
Cash flow at year 0 is 1000. Cash flows grow at 10% from years 1 to year 5, then grow at 3% starting from year 6 to infinity. The discount rate is 8%. What is the present value at year 0 of all future cash flows?
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