Michael owns a tanning salon that is expected to produce annual cash flows forever. The tanning salon is worth $796,400.00 and the cost of capital is 5.91%. Annual cash flows are expected with the first one due in one year and all subsequent ones growing annually by 2.70%. What is the amount of the annual cash flow produced by the tanning salon in 1 year expected to be? $248,099.69 (plus or minus $10) $25,564.44 (plus or minus $10) $68,570.04 (plus or minus $10) $24,809,968.85 (plus or minus $10)