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
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 venture investors' required rate of return = 20%
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