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Shelton Enterprises is expecting tremendous growth from its newest boutique store. Last year the store brought in net cash flows of $590,345. The company expects
Shelton Enterprises is expecting tremendous growth from its newest boutique store. Last year the store brought in net cash flows of $590,345. The company expects its earnings to grow annually at a rate of 7 percent for the next 10 years. What is the present value of these investment if the firm uses a discount rate of 10 percent on its investments?
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