Calculate the present value of a growing annuity given the following information: current cash flows: $260,000; cash flow growth rate = 6%; timeframe = 65 years; required rate of return = 14%.
A) $3,221,296
B) $3,321,296
C) $3,421,296
D) $3,521,296
E) $3,621,296
Correct Answer:
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