Question 1 (1 point) A company is going through the bankruptcy proceedings. The trustee estimates the liquidation value of the company to be $4,755,440. Alternatively, a restructuring can provide a perpetual annual cash flow starting one year from now and growing at 3.78% per year. How much must be the minimum cash flow next year to warrant a reorganization of the firm if the discount rate is 13.98%? $472,929 $485,055 $497,181 $509,308 $521,434