(Choose 1 answer)
(20644) Growing perpetuity: Jack Benny is planning to invest in an insurance company p product will pay $10,000 at the end of this year. Thereafter, the payments will grow annually forever. Jack will be able to invest his cash flows at a rate of 6.5 percent. What is the present investment cash flow stream? (Round to the nearest dollar.)
A. $326,908
B. $312,766
C. $285,714
D. $258,133
5/50-CAP
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