Jensen's Shipping is expected to produce an annual cash flow of $218,900 next year.Thereafter,this cash flow is expected to decrease by 1.6 percent per year indefinitely.What is this firm worth today at a discount rate of 18 percent?
A) $1,116,836.74
B) $1,424,350.00
C) $1,394,210.53
D) $1,334,756.10
E) $1,221,400.00
Correct Answer:
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