how to get PV=2,400,000

34 A friend tells you "The market value of my firm, if I discount future profits with an interest rate of 8 percent, is $2,160,000. My profit this year was 100,000, but I haven't yet paid out dividends." You determine that she must be expecting profits to grow at a rate of percent per year into an indefinite future. a) 2.5 (b) 3.0 c) 3.5 d) 4.0 e) None of the above are correct. PV = 2.400.000 bus = 100.000 (+0:08 ood- g=0.03