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What is the present value of a growing perpetuity that has an initial payment of $20,000...

What is the present value of a growing perpetuity that has an initial payment of $20,000 one year from now. Assume a growth rate of 5% and a rate of return equal to 9%.

Question options:

$50,000.00

$500,000.00

$222,222,22

$400,000.00

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