Question: Using only the Excel functions, please solve the following questions: 4. [Growing Perpetuities] Mark Weinstein has been working on an advanced technology in laser eye

Using only the Excel functions, please solve the following questions: 4. [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 $100,000, received three years from today. Subsequent annual cash flows will grow at 2% in perpetuity. What is the present' value of the technology if the discount rate is 10 percent?

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