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Growing Perpetuity ( and selling price ) Carrie grandfather owns a farm. The farm earned $ 6 4 0 , 0 0 0 this year.

Growing Perpetuity (and selling price)
Carrie grandfather owns a farm. The farm earned $640,000 this year. The profits are expected to grow at 5.5% per year forever. What
Is the value of the farm If the discount rate is 14.25%?
What is the expected selling price of the farm next year?
How much did the farm appreclate (as a percent)?
%
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