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  3. the mckan company experiences the following annual

The McKan Company experiences the following annual incomes over the last five years: $60,000, $70,000,...

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Accounting

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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