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What is the present value of a perpetual stream of cash flows that pays $ 1,000 1,000 at the end of year one and the

What is the present value of a perpetual stream of cash flows that pays $1,000

1,000 at the end of year one and the annual cash flows grow at a rate of 4

4% per yearindefinitely, if the appropriate discount rate is 8

8%? What if the appropriate discount rate is 6

6%?

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