What is the present value of a perpetual stream of cash


What is the present value of a perpetual stream of cash flows that pays $40,000 at the end of the year one and then grown at a rate of 4% per year indefinitely? The rate of interest used to discount the cash flows is 13%. the present value of the growing perpetuity is $. round to nearest cent.

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Financial Management: What is the present value of a perpetual stream of cash
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