Stretchy Socks,Inc

question 16

Multiple Choice

Stretchy Socks,Inc. ,is expected to earn $2,000,000 in after-tax profits each year forever.The interest rate is 0.1.What is the total value of all shares of stock in Stretchy Socks?

• A)$1,818,182
• B)$2,000,000
• C)$16,528,926
• D)$18,181,818
• E)$20,000,000

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