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A firm's current annual profit is $240,000

Economics

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A firm's current annual profit is $240,000. If the profit is expected to grow at an annual rate of 4.75% and the discount rate is 6%., what is the value of the firm? Round your final answer to the nearest dollar. 
a) $20,112,000
b) $21,461,000 
c) $20,352,000 
d) $22,554000