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Your company is expected to earn ( as a cash flow ) $ 3 million next year, $ 3 . 0 6 million the following

Your company is expected to earn (as a cash flow) $3 million next year, $3.06 million the following year, $3.1212 the year after that, and it will continue to grow by 2% per year indefinitely. Using a discount rate of 8%, what is the value of the company?

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