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Kovid, Corp. has been working on a biomedical technology to combat an infectious disease. Kovid estimates the first annual cash flow from this technology to
Kovid, Corp. has been working on a biomedical technology to combat an infectious disease. Kovid estimates the first annual cash flow from this technology to be $500,000, which will be received four years from today. This cash flow will grow at 6 percent thereafter forever. What is this technology worth today if the discount rate is 18 percent
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Finance Capital Markets Financial Management And Investment Management
Authors: Frank J. Fabozzi, Pamela Peterson Drake
1st Edition
0470407352, 978-0470407356
