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Consider an investment that pays $19.19 in year 1, $5.24 in year 2, and then stabilizes at a stable growth of 1% every year forever

Consider an investment that pays $19.19 in year 1, $5.24 in year 2, and then stabilizes at a stable growth of 1% every year forever after that This firm has an interest rate (required rate of return) of 10%. What is the present value of this investment opportunity? Give your answer to two decimals

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