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Slippery Slope Roof's net cash flows are as follows: Year 1: 70,000 Year 2: 60,000 Year 3:96,000 After year 3, net cash flows grew at
Slippery Slope Roof's net cash flows are as follows:
Year 1: 70,000
Year 2: 60,000
Year 3:96,000
After year 3, net cash flows grew at a constant rate of 3%. The weighted average cost of capital is 9%. What is the value of the firm?
1,215,650
1,328,141
1,461,409
1,575,941
None of these
Please show your work
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