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WMW owns an investment that is expected to make annual cash flows forever. The expected return for the investment is 9.7%. The next annual cash

WMW owns an investment that is expected to make annual cash flows forever. The expected return for the investment is 9.7%. The next annual cash flow is expected in 1 year from today and all subsequent cash flows are expected to grown annually by 1.3%. What is the value of the investment if WMW knows that the cash flow in 3 years fron today is expected to br $18,000?
A. $219,893
B. $206,141
C. $214,286
D. $208,821
E. none are within $100 of the correct andwer

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