Question: answer and work please What is the present value of a cash flow stream of $1,000 per year annually for 19 years that then grows

answer and work please answer and work please What is the present value of a cash

What is the present value of a cash flow stream of $1,000 per year annually for 19 years that then grows at 3.8 percent per year forever when the discount rate is 9 percent? (Round intermediate calculations and final answer to 2 decimal places.) Answer is complete but not entirely correct. Present $ 12,832,31 value

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!