1. Sasha own a tanning salon that is expected to produce annualcash flows forever. The tanning salon is worth $974,300 and thecapital cost is 8.37%. Annual cash flows are expected with thefirst one due in one year and all subsequent ones growing annuallyby 3.00%. What is the amount of annual cash flow produced by thetanning salon in 1 year expected to be?
   1. $181,433.89 (plus or minus $10)
   2. $110,777.91 (plus or minus $10)
   3. $52, 319.91(plus or minus $10)
   4. $18,143,389.20 (plus or minus $10)