Nick owns a tanning salon that expects to produce annual cash flows forever. The tanning...
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Nick owns a tanning salon that expects to produce annual cash flows forever. The tanning salon is worth $648300.00 and the cost of capital is 13.68%. The annual cash flows are expected with the first one due in one year and all subsequent ones growing annually by 9%. What is the amount of annual cash flow produced by tanning salon in 1 year expected to be?
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