Question: A building is expected to generate no cash flows for several years and then generate annual cash flows forever. What is the value of the
A building is expected to generate no cash flows for several years and then generate annual cash flows forever. What is the value of the building if the first annual cash flow is expected in five years the first annual cash flow is expected to be $ all subsequent annual cash flows are expected to be higher than the cash flow generated in the previous year and the cost of capital for the building is
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