The net cash flows of Advantage Leasing for the next 3 years are $42,000, $49,000 and $64,000 respectively, after which the growth rate will be a constant 2% with a WACC of 8%. What is the present value of the terminal value?
Select one:
a. 51,822
b. 55,967
c. 59,259
d. 60,444
e. None of these