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I'm having some trouble with the following question. I have changed the numbers so that I can complete the actual problem on my own.
I'm having some trouble with the following question. I have changed the numbers so that I can complete the actual problem on my own.
The first cash flow from the technology to be $200,000 received 2 years from today. Subsequent annual cash flows will grow at 4.5 percent in perpetuity.
What is the present value of the technology if the discount rate is 12 percent?