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Your company is expected to earn (as a cash flow) $3 million next year, $3.06 million the following year, and it will continue to grow
Your company is expected to earn (as a cash flow) $3 million next year, $3.06 million the following year, and it will continue to grow by 2% per year indefinitely. Using a discount rate of 9%, what is the value of the company? (Do not round intermediate calculations. Report your result in millions of dollars. Round the final answers to 2 decimal places. Omit $ sign and the word million in your response.)
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