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Olivier wants to buy a hot dog stand that will generate $118,000 per year forever. Because he needs some time to tweak the recipe, he
Olivier wants to buy a hot dog stand that will generate $118,000 per year forever. Because he needs some time to tweak the recipe, he plans to delay production and start generating cash flows 6 years from today. If the discount rate is 8%, what is TODAY's fair price for this hot dog stand?
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
