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Question 31 (Bonus) (1 point) What is the approximate amount you would be willing to pay for the following stream of risky cash flows

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Question 31 (Bonus) (1 point) What is the approximate amount you would be willing to pay for the following stream of risky cash flows if your risk-adjusted discount rate is 8%: The cash flow in year 1 is $8. The cash flow from year 1 is expected to grow by 10% in each of years 2 and 3. After that, the cash flow is expected to grow at 5% forever. a) $280 b) $270 c) $310 d) $290

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