Question: An investment oppertunity will pay you $ 2 2 , 0 0 0 every year starting 8 year from today and the payment goes on

An investment oppertunity will pay you $22,000 every year starting 8 year from today and the payment goes on forever (this is a perpetuity). If the interest rate is 23%, what is the intrinsic value of this investment oppertunity?

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