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LOL Inc. expects to earn 627,000 this year and projects a growth rate in earnings of 4.5%/year thereafter (k=3.5%)/ What is the PV of the
LOL Inc. expects to earn 627,000 this year and projects a growth rate in earnings of 4.5%/year thereafter (k=3.5%)/ What is the PV of the earnings if it expewcts to grow for another 8 years and to have then level earnings forever?
A) 24359974.94
B) 24360079.94
C) 24360174.94
D) 24360274.94
E) None of the above
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