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help please (Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that pays $70,000 at the

help please
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(Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that pays $70,000 at the end of year one and then grows at a rate of 3% per year indefintely? The rate of interest used to discount the cash flows is 9% The present value of the growing perpetuity is $ (Round to the nearest cent)

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