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Shelton Enterprises is expecting tremendous growth from its newest boutique store. Next year the store is expected to bring in net cash flows of $
Shelton Enterprises is expecting tremendous growth from its newest boutique store. Next year the store is expected to bring in net cash flows of $ The company expects its earnings to grow annually at a rate of percent for the next years. What is the present value of this growing annuity if the firm uses a discount rate of percent on its investments? Round to the nearest dollar.
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