Question: Estimate a venture's terminal value based on the following information: current year's net income $20,000; next year's expected cash flow $26,000; constant future growth rate-7%;

 Estimate a venture's terminal value based on the following information: current

Estimate a venture's terminal value based on the following information: current year's net income $20,000; next year's expected cash flow $26,000; constant future growth rate-7%; and investors, required rate of return-12%

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