Question
F irst annual cash flow from the technology to be $176,000 received two years from today. Subsequent annual cash flows will grow at 3.6 percent
First annual cash flow from the technology to be $176,000 received two years from today. Subsequent annual cash flows will grow at 3.6 percent in perpetuity.
What is the present value of the technology if the discount rate is 9 percent?
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
