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Decline, Inc. currently produces cash flows of $650,000 a year. However, these cash flows are expected to decline by 1% a year indefinitely. If Decline's
Decline, Inc. currently produces cash flows of $650,000 a year. However, these cash flows are expected to decline by 1% a year indefinitely. If Decline's cost of equity capital is 8%, what is its current market value?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
