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Consider two streams of cash flows, A and B . Stream A s first cash flow is $ 9 , 7 0 0 and is

Consider two streams of cash flows, A and B. Stream As first cash flow is $9,700 and is received three years from today. Future cash flows in Stream A grow by 4 percent in perpetuity. Stream Bs first cash flow is $9,200, is received two years from today, and will continue in perpetuity. Assume that the appropriate discount rate is 12 percent.

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