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The present value of a growing perpetuity with annual cash flows is defined as the initial cash flow times one plus the growth rate divided

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The present value of a growing perpetuity with annual cash flows is defined as the initial cash flow times one plus the growth rate divided by one plus the interest rate the initial cash flow divided by the growth rate minus the interest rate the initial cash flow times one plus the interest rate divided by one plus the growth rate the initial cash flow divided by the interest rate minus the growth rate

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