Question
Pre-tax revenues for the first year is $5,000,000. It grows at an annual rate of 3.5% for the next 14 years. Tax rate is 35%.
Pre-tax revenues for the first year is $5,000,000. It grows at an annual rate of 3.5% for the next 14 years. Tax rate is 35%. Discount rate is 15%. n=15. What is PV of annual after-tax revenues? Show all the steps (no excel).
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Pricing And Liquidity Of Complex And Structured Derivatives
Authors: Mathias Schmidt
1st Edition
3319459694, 978-3319459691
