The McKan Company experiences the following annual incomes over the last five years: $60,000, $70,000,...
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The McKan Company experiences the following annual incomes over the last five years: $60,000, $70,000, $110,000, $150,000, $140,000 (from oldest to most current). A firm like Indy Company commands a 10% discount rate and a price earnings ratio of 10. Using a non-weighted earnings model, what is the value of the firm?
$530,000
$750,000
$1,060,000
$1,580,000
None of the above
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