Last year a business generated 100000 in profit assume that, Financial Management

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Last year a business generated 100000 in profit assume that

Last year, a business generated $100,000 in profit. Assume that the business's profits grow at 5% per year and that cash flows are discounted at 10% per year. If profits are received at the end of each year, what is the present value of all the business's future profits?

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Financial Management: Last year a business generated 100000 in profit assume that

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Financial Management: Last year a business generated 100000 in profit assume that

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