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What is the present value of a perpetual stream of cash flows that pays $6,500 at the end of year one and the annual cash

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

$6,500 at the end of year one and the annual cash flows grow at a rate of

3% per year indefinitely, if the appropriate discount rate is

14%?

a. What if the appropriate discount rate is

12%?

b.if the appropriate discount rate is 14%,

the present value of the growing perpetuity is

how much?

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