Question: Problem 4 - 2 6 Growing Perpetuities Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available

Problem 4-26 Growing Perpetuities
Mark Weinstein has been working on an advanced technology in laser eye surgery.
His technology will be available in the near term. He anticipates his first annual cash
flow from the technology to be $170,000, received two years from today. Subsequent
annual cash flows will grow at 3 percent in perpetuity. What is the present value of the
technology if the discount rate is 10 percent? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,32.16.)******************* that is not the answer
Problem 4-26 Growing Perpetuities Mark Weinstein has been working on an

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