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You are considering the purchase of a business that

Question: You are considering the purchase of a business that produces net cash flows of $350, 000 per year in perpetuity. In a perfectly competitive market, what should be the asking price for the business if the firm's cost of capital is 15%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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