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You own a building that is expected to pay annual cash flows forever. If the building is worth $830000, the cost of capital is 8.3%,
You own a building that is expected to pay annual cash flows forever. If the building is worth $830000, the cost of capital is 8.3%, annual cash flows are expected with the first one due in one year and equal to $60000, and all subsequent cash flows are expected to grow annually by a constant rate,then what is the expected annual growth rate of expected cash flows?
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