Merlinemicheli7628 Merlinemicheli7628
  • 06-06-2023
  • Business
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An investment promises to pay you $8,500 per year starting in 3 years. The cash flow from the investment is expected to increase by 1% per year forever. If alternative investments of similar risk earn a return of 10% per year, determine the maximum you would be willing to pay for this investment today.

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