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Snail's Pace Bakery is expected to have constant annual cash flows of $100 (starting exactly one year from today) for 20 years. After 20 years,

Snail's Pace Bakery is expected to have constant annual cash flows of $100 (starting exactly one year from today) for 20 years. After 20 years, annual cash flows are expected to increase to a (constant) $150 per year in perpetuity. The discount rate is 10%. You can acquire the Snail's Pace Bakery for $1,100. This is a negative-NPV transaction, as the value of the bakery is less than $1,100. True or False?

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