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Suppose that the first cash flow of a venture is expected in Year 4, and expected to be $7,482,536. Cash flows will grow at a
Suppose that the first cash flow of a venture is expected in Year 4, and expected to be $7,482,536. Cash flows will grow at a rate of 4% after that. Find the present value of the venture in dollars (at Year 0) assuming a discount rate of 19%
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