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Lupta Ltd. is a fast-growing internet solutions company. Its projected revenues and costs for next year are R120 million and R66 million respectively. For the

Lupta Ltd. is a fast-growing internet solutions company. Its projected revenues and costs for next year are R120 million and R66 million respectively. For the foreseeable future, it is expected that the revenues will grow by 10% per annum while costs are expected to record zero growth. The required rate of return is 22%. What is Lupta Ltds value?

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