Wilt's Mart is expected to produce a cash flow of $38,900 at the end of next year with increases of 1.5 percent annually for a total of 25 years.What is the present value of this business at a discount rate of 14.5 percent,compounded annually?
A) $370,141.41
B) $344,247.79
C) $825,868.09
D) $911,216.57
E) $284,523.90
Correct Answer:
Verified
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