Question 25 (1 point) A company is going through the bankruptcy proceedings. The trustee estimates the liquidation value of the company to be $4,488,840. Alternatively, a restructuring can provide a perpetual annual cash flow starting one year from now and growing at 3.08% per year. How much must be the minimum cash flow next year to warrant a reorganization of the firm if the discount rate is 12.78%? $391,876 $402,761 $413,647 $424,532 $435,417