Question: Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near term. He anticipates his

Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near term. He anticipates his first annual cash flow from the technology to be $210,000, received three years from today. Subsequent annual cash flows will growat 2.5 percent in perpetuity. What is the value today of the technology if the discount rate is 11 percent?

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