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Business, 25.03.2020 05:03 byronanderson

Andrew owns Hockey Plus, whose value is $150,000 today assuming normal growth. However, Andrew believes the value will grow at 15% per year for the next three years. He wants to take this rapid growth into consideration when valuing the business for a potential sale. Find the future value of the business in three years, then use that future value to find the present value at a rate of 6% compounded annually.

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Andrew owns Hockey Plus, whose value is $150,000 today assuming normal growth. However, Andrew belie...
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