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Estimate the value of a firm (P0) whose cost of equity is 15% and whose...

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Accounting

Estimate the value of a firm (P0) whose cost of equity is 15% and whose cash flow in the prior year is projected to grow 30% in the current year and then at a constant 10% annual rate thereafter. Cash flow in the prior year is $3 million.

52.8 million

62.8 million

75.8 million

85.8 million

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