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Please show work. 35. Compute how much a business is worth if it is expected to generate cash flows of $14,000 next year, $22,900 in
Please show work.
35. Compute how much a business is worth if it is expected to generate cash flows of $14,000 next year, $22,900 in two years, $34,800 in three years, and then $54,000 per year for the subsequent 12 years, assuming that businesses with similar relevant risk have expected returns of 18%Step by Step Solution
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