Yasmin owns a(n) race track that is worth 417,741 dollars and is expected to make...
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Yasmin owns a(n) race track that is worth 417,741 dollars and is expected to make annual cash flows forever. The cost of capital for the race track is 10.54 percent. The next annual cash flow is expected in one year from today and all subsequent cash flows are expected to grow annually by 4.21 percent. What is the cash flow produced by the race track in 7 years from today expected to be?
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