Mary owns a(n) laundromat that is worth 118,601 dollars and is expected to make annual cash flows forever. The cost of capital for the laundromat is 8.9 percent. The next annual cash flow is expected in 1 year and is expected to be 6,950 dollars. All subsequent cash flows are expected to grow annually at a constant growth rate. What is the cash flow produced by the laundromat in 6 years expected to be?
Get Answers For Free
Most questions answered within 1 hours.