Projects growth rate in earnings

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LOL Inc. expects to earn 627,000 this year and projects a growth rate in earnings of 4.5%/year thereafter (k=3.5%)/ what is the PV of the earnings if it expects to grow for another 8 years and to have then level earnings forever?

A) 24359974.94

B) 24360079.94

C) 24360174.94

D) 24360274.94

 

E) None of the above

Reference no: EM13873530

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