Horton Books expects to generate cash flows of $129,600 for the next two years. At the end of the two years, the busines

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answerhappygod
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Horton Books expects to generate cash flows of $129,600 for the next two years. At the end of the two years, the busines

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Horton Books expects to generate cash flows of $129,600 for thenext two years. At the end of the two years, the business will besold for an estimated $3.2 million. What is the value of thisbusiness at a discount rate of 14 percent?
Multiple Choice
$2,848,392
$2,704,655
$2,675,703
$2,284,644
$2,900,411
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