Question: Ce F21 Nancy Bower / Assignment 3A - Graded d Remaining Time: 05:56:31 Suppose a condo generates $27,500 in cash flow in the first

Ce F21 Nancy Bower / Assignment 3A - Graded d Remaining Time:

Ce F21 Nancy Bower / Assignment 3A - Graded d Remaining Time: 05:56:31 Suppose a condo generates $27,500 in cash flow in the first year. If the cash flows grow at 4% per year, the interest rate is 12%, and the building lasts forever, what is the present value of the condo's cash flow? Enter your reponse below (rounded to 2 decimal places). Number

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