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In 15 years, a firm will have annual cash flows of $100 million in perpetuity. Thereafter, its cash flows will grow at the inflation rate
In 15 years, a firm will have annual cash flows of $100 million in perpetuity. Thereafter, its cash flows will grow at the inflation rate of 2%. If the applicable interest rate is 8%. What would this firm be worth today? $567 million O $658 million $983 million $569 million
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