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Calculate the present value of the following stream of cash flows. The discount rate is 10%. The CF at t=0 is $1000. CFs grow at

Calculate the present value of the following stream of cash flows. The discount rate is 10%.

  1. The CF at t=0 is $1000. CFs grow at 12% for the first 6 years. Beyond that CFs grow at a rate of 4% forever.

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