The Megabucks Corporation is considering buying OHaganBooks.com. It estimates OHaganBooks.com's revenue stream at $30 million per year, growing continuously at a 10% rate. Assuming an interest rate of 9%, how much is OHaganBooks.com's revenue for the next year worth now? (Round your answer to two decimal places.)

The Megabucks Corporation is considering buying OHaganBooks.com. It estimates OHaganBooks.com's revenue stream at $30 million per year, growing continuously at a 10% rate. Assuming an interest rate of 9%, how much is OHaganBooks.com's revenue for the next year worth now? (Round your answer to two decimal places.)

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter13: Other Financing Alternatives

Section: Chapter Questions

Problem 1bM

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