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A firm's current annual profit is $245,000

Economics

A firm's current annual profit is $245,000. If the profit is expected to grow at an annual rate of 4.5% and the discount rate is 6%, what is the value of the firm? Round your final answer to the nearest dollar.

Group of answer choices

 

 

$17,313,333

 

$16,996,668

 

None of the answers listed is correct.

 

$18,241,267

 

$17,068,333

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