Need business and finance help to present the value of a perpetuity

timer Asked: Nov 20th, 2015
account_balance_wallet $5

Question Description

What is the present value of a perpetual stream of cash flows that pays $80,000 at the end of year one and then grows at a rate of 5% per year indefinitely? The rate of interest used to discount the cash flows is 13%.

Round to the nearest cent

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