Question
What is the value of a project that is expected to bring in $32,000 next year, growing at a rate of 1.2% per year thereafter
What is the value of a project that is expected to bring in $32,000 next year, growing at a rate of 1.2% per year thereafter in perpetuity? The discount rate is 11.6%. Round to the nearest cent.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
