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If existing shareholders of MercedesF1 are expected to earn $2,497,529 in total dividends next year and then $3,240,618 the year after. The dividend will then
If existing shareholders of MercedesF1 are expected to earn $2,497,529 in total dividends next year and then $3,240,618 the year after. The dividend will then grow at a rate of 7.80% into perpetuity, calculate the present value of total equity for MercedesF1 if the discount rate is 12%.
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