Calculate the present value of a growing annuity given the following information: annual cash flows = $100,000; cash flow growth rate = 2%; required rate of return = 9%; timeframe = 50years.
A) $1,375,860
B) $1,376,860
C) $1,377,860
D) $1,378,860
E) $1,379,860
Correct Answer:
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