Calculate the present value of a growing annuity given the following information: annual cash flows = $200,000; cash flow growth rate = 10%; required rate of return = 3%; timeframe = 25years.
A) $2,105,008
B) $2,205,008
C) $2,305,008
D) $2,405,008
E) $2,505,008
Correct Answer:
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