Calculate the present value of a growing annuity given the following information: annual cash flows = $67,000; cash flow growth rate = 3%; required rate of return = 8%; timeframe = 45years.
A) $1,179,251
B) $1,180,251
C) $1,181,251
D) $1,182,251
E) $1,183,251
Correct Answer:
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