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Net Income for Company A: 2014: $300,000 2015: $400,000 2016: $500,000 2017: $600,000 2018: $700,000 Expected growth for all years after 2018: 13% 90-Day T-Bill

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Net Income for Company A: 2014: $300,000 2015: $400,000 2016: $500,000 2017: $600,000 2018: $700,000 Expected growth for all years after 2018: 13% 90-Day T-Bill Rate: 8% Appropraite % above risk-free rate: 20%

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