Question: This question: 2 point(s) possible (Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that

This question: 2 point(s) possible (Present value of a growing perpetuity) What

This question: 2 point(s) possible (Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that pays $10,000 at the end of year one and then grows at a rate of 4% per year indefinitely? The rate of interest used to discount the cash flows is 12% The present value of the growing perpetuity is $ (Round to the nearest cent.)

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