Calculate the present value of a growing annuity given the following information: annual cash flows = $400,000; cash flow growth rate = 2%; required rate of return = 11%; timeframe = 30 years.
A) $4,492,776
B) $4,392,776
C) $4,292,776
D) $4,192,776
E) $4,092,776
Correct Answer:
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