QUESTION 22 The present value, today, of the terminal (perpetuity) value equity cash flow that begins in 8 years is $6,700,000 assuming a cost of equity equal to 8%. The growth rate required for the continuation value (terminal value perpetuity) term is 2%? Compute the year 8 equity free cash flow (beginning of the growing perpetuity) to the second decimal point. Use end of period (end of year) discounting