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What is the present value of a perpetual stream of cash flows that pays $ 9 , 0 0 0 at the end of year

What is the present value of a perpetual stream of cash flows that pays $

9, 000

at the end of year one and the annual cash flows grow at a rate of

6 %

per year indefinitely, if the appropriate discount rate is

16 % ?

What if the appropriate discount rate is

14 % ?

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