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What is the present value (PV) today of a stable perpetuity that pays $18,000 every 2 years, starting 6 years from today? The appropriate annual

What is the present value (PV) today of a stable perpetuity that pays $18,000 every 2 years, starting 6 years from today? The appropriate annual discount rate is 16% p.a. Round your answer to the nearest dollar

( prefer not using excel )

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