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The net cash flows of Advantage Leasing for the next three years are $42,000, $49,000, and $64,000, respectively, after which the growth rate will be
The net cash flows of Advantage Leasing for the next three years are $42,000, $49,000, and $64,000, respectively, after which the growth rate will be a constant 2 percent with an RWACC of 8 percent. What is the present value of the terminal value?
a. $881,822
b. $863,689
c. $959,259
d. $910,444
e. $828,406
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