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You have an investment that currently has a value of $113.30 and includes annual cashflows that are expected to grow at an annual rate of

You have an investment that currently has a value of $113.30 and includes annual cashflows that are expected to grow at an annual rate of 3.3% forever. How much is the first cashflow that occurs in one year if the cost of capital is 9.9%? (Round to the nearest cent)

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