Titanic Ltd$.$ is in the lucrative field of underwater cruise liners. Over the next three years, Titanic Ltd$.$ is expected to earn economic profit of $$900,000$ in the first year, $$1,500,000$ in the second year, and $$700,000$ in the third year than it will sink. This controversial new field is highly volatile with a risk premium of $23\%.$ The latest discount rate published by the Central Bank is $4\%.$

How much would you pay for this firm?

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