A company has UCFBT= 1million in perpectuity from the beginning of three years There is...

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Accounting

A company has

UCFBT= 1million in perpectuity from the beginning of three years

There is no income prior to that. Ignore loss carrryovers for taxes.

Taxes rate is 50%, amount of debt= 0

R0= 10%

What is the value of the company today??

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