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MJ LTD is expected to grow at a high growth over the next six years. The company's current earnings are $10.0 million. The company expects
MJ LTD is expected to grow at a high growth over the next six years. The company's current earnings are $10.0 million. The company expects to grow at 20% for the next six years (affecting C1 through C6) after which the company expects to grow at a constant rate of 4% per year indefinitely. If the appropriate discount rate is 10% then what is the present value of MJ LTD's all future earnings?
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
7th Edition
1934319791, 9781934319796
