Question: Problem 4 - 2 6 Growing Perpetuities Mark WeInsteln has been working on an advanced technology In laser eye surgery. HIs technology will be avallable

Problem 4-26 Growing Perpetuities
Mark WeInsteln has been working on an advanced technology In laser eye surgery. HIs
technology will be avallable in the near term. He anticipates his first annual cash flow
from the technology to be $179,000, recelved two years from today. Subsequent annual
cash flows will grow at 3.9 percent in perpetulty. What is the present value of the
technology If the discount rate is 9 percent? (Do not round Intermedlate calculatlons
and round your answer to 2 decimal places, e.g.,32.16.)
Present value
Problem 4-26 Growing Perpetuities Mark WeInsteln has been working on an

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