Calculate the present value of a growing annuity given the following information: current cash flows: $180,000; cash flow growth rate = 4%; timeframe = 45 years; required rate of return = 9%.
A) $3,564,879
B) $3,464,879
C) $3,364,879
D) $3,264,879
E) $3,164,879
Correct Answer:
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