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How do you solve this question? Im stuck and need a step by step solution. An investment promises to pay you $100 per year starting

How do you solve this question? Im stuck and need a step by step solution.

An investment promises to pay you $100 per year starting immediately. The cash flow from the investment is expected to increase by 3 percent per year forever. If alternative investments of similar risk earn a return of 9 percent per year, determine the maximum you would be willing to pay for the investment.

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