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(Present value of a growing perpetuity)What is the present value of a perpetual stream of cash flows that pays $60,000 at the end of year
(Present value of a growing perpetuity)What is the present value of a perpetual stream of cash flows that pays $60,000 at the end of year one and then grows at a rate of 4 % per year indefinitely? The rate of interest used to discount the cash flows is 12%. Question content area bottom Part 1 The present value of the growing perpetuity is .
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