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wild horse enetgy comoany owns several gas stations. management is looking to open a new in the western suburbs of baltimore. one posibility is that

wild horse enetgy comoany owns several gas stations. management is looking to open a new in the western suburbs of baltimore. one posibility is that mangers at the compsny are evaluating is to take over a stayion located at a site that has been leased from the county. the lease, originally 99 years, currently has 73 years brgore expiration. the gas ststion genetated a net cash flow of 93,430 last year and the current ownets expect an annual growth rate of 6.3 percent. if they use a discount rate of 13.9 percent to evaluate such businesses, what is the present value of this growing annuity?

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