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You have just started a business and you want to value the firm in order to harvest the investment. Assume the firm will have a

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You have just started a business and you want to value the firm in order to harvest the investment. Assume the firm will have a net income of $20,000 per year, for the next 25 years. Current interest rates are four percent. What is the present value of your firm's annual cash flows? Reference the below formulas when solving the problem above: PV - CF, FV, = CF (1+r) FVAL - PMD+)*-4 PVA = PMT

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