If there are m cash flows in total with a discount rate of


An investor is set to receive cash flows with the following structure: the first cash flow is of size N, and each subsequent cash flow is greater than the previous by a factor of 1 +g. If there are M cash flows in total with a discount rate of r, what is the net present value of all cash flows? What conditions must be satisfied for these cash flows to have finite value if they are received infinitely, and in this case, what is the net present value?

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Financial Management: If there are m cash flows in total with a discount rate of
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