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The reversion value of a venture is 1 million dollars. If the terminal value is 1.8 million dollars and the appropriate discount rate is 12.5%,
The reversion value of a venture is 1 million dollars. If the terminal value is 1.8 million dollars and the appropriate discount rate is 12.5%, in how many years (approximately) should we expect their growth to become constant? Hint: you can use the Nper function in Excel. 6 10 9 4 8 7 11 5
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