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You are thinking of purchasing a successful online tutoring company. You estimate that you will earn a cash flow of $590 per month after expenses
You are thinking of purchasing a successful online tutoring company. You estimate that you will earn a cash flow of $590 per month after expenses and, after some research, you think you may be able to sell the company for $84741 in 4 years. Based on the risk of this investment, you require a return of 8.91%. What is the most you should be willing to pay for the company today
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