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Estimate a venture's constant growth rate (g) based on the following information: terminal value = $400,000; current year's net income = $20,000; next year's expected
Estimate a venture's constant growth rate (g) based on the following information: terminal value = $400,000; current year's net income = $20,000; next year's expected cash flow $25,000; and a required rate of return of 20%. = (A) 2% (B) 4% (C) 6% (D) 8% (E) 10%
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