What is the required gradient of income growth if interest


Northwestern Energy estimates that the present worth now of income from an investment in renewable energy sources is $12, 475,000. There will be no income in years 1 and 2, but in year 3 income will be $250,000, and thereafter it will increase linearly through year 15. What is the required gradient of income growth, if interest rate is 15% per year?

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Financial Management: What is the required gradient of income growth if interest
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