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You own a building that is expected to pay annual cash flows forever. If the building is worth $2400000, the cost of capital is 6%,
You own a building that is expected to pay annual cash flows forever. If the building is worth $2400000, the cost of capital is 6%, and annual cash flows are expected with the first one due in one year and all subsequent ones growing annually by 2.2%, then what is the amount of the cash flow produced by the building in 1 year expected to be?
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