Question
Tom Tom Co. has been working on a new technology.This new technology will be available in the near term, and the firm's CEO anticipates the
Tom Tom Co. has been working on a new technology.This new technology will be available in the near term, and the firm's CEO anticipates the first cash flow to be $150,000, received 5 years from today.Subsequent annual cash flows will grow at 1% in perpetuity.Calculate the value of the technology today if the discount rate is 8%?
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
