Homework: Chapter 4 Homework Save Score: 0 of 1 pt 8 of 10 (9 complete) HW Score: 38.33%, 3.83 o... P4-29 (similar to) 3 Question Help You are running a hot Internet company. Analysts predict that its earnings will grow at 40% per year for the next five years. After that, as competition increases, earnings growth is expected to slow to 2% per year and continue at that level forever. Your company has just announced earnings of $5 million. What is the present value of all future earnings if the interest rate is 9%? (Assume all cash flows occur at the end of the year.) The present value is $ million. (Round to two decimal places.) Homework: Chapter 4 Homework Save Score: 0 of 1 pt 8 of 10 (9 complete) HW Score: 38.33%, 3.83 o... P4-29 (similar to) 3 Question Help You are running a hot Internet company. Analysts predict that its earnings will grow at 40% per year for the next five years. After that, as competition increases, earnings growth is expected to slow to 2% per year and continue at that level forever. Your company has just announced earnings of $5 million. What is the present value of all future earnings if the interest rate is 9%? (Assume all cash flows occur at the end of the year.) The present value is $ million. (Round to two decimal places.)