Suppose the growth rate of the firm's profit is 5 percent,the interest rate is 6 percent,and the current profits of the firm are $80 million.What is the value of the firm?
A) $89.2 million
B) $1,413.3 million
C) $8,480 million
D) None of the statements associated with this question are correct.
Correct Answer:
Verified
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