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Your company is projected to make $ 1 0 0 , 0 0 0 forever and the company's cost of capital is 8 percent. What

Your company is projected to make $100,000 forever and the company's cost of capital is 8 percent. What is the value of this perpetuity to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without sign.)

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