Andre runs a company that yields a profit of $40,000 per year,and this profit stream is expected to continue indefinitely.If the interest rate equals 8 percent,he will be willing to sell the company at a price of _____
A) $40,000.
B) $60,000.
C) $100,000.
D) $250,000.
E) $500,000.
Correct Answer:
Verified
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