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John Doe Enterprises is expecting tremendous growth from its newest boutique store. Next year the store is expected to bring in net cash flows of

John Doe Enterprises is expecting tremendous growth from its newest boutique store. Next year the store is expected to bring in net cash flows of $675,000. The company expects its earnings to grow annually at a rate of 13 percent for the next 15 years. What is the present value of this growing annuity if the firm uses a discount rate of 18 percent on its investments? (Round to the nearest dollar.). A) $5,478,320. B) $6,750,000. C) $6,448,519. D) $7,115,449

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