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You own a company. This companys projected revenue is $30,000 for year 1, $31,000 for year 2, and $32,000 for year 3. From the 4th
You own a company. This companys projected revenue is $30,000 for year 1, $31,000 for year 2, and $32,000 for year 3. From the 4th year onwards, revenue is expected to be 5% higher than the previous year. Assume the appropriate nominal discount rate is 8%, and all revenue is collected at the end of each year. Determine the present value of your sales revenue for the first 15 years, round to 2 decimal places.
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