The following problem is similar, but not identical, to the third question in Problem 5.
What is the present value (PV) today of a stable perpetuity of $93,000 that starts 3 years from today? The appropriate discount rate is 17% p.a. Round your answer to the nearest dollar. Do not include the $ symbol nor the separating comma, if any. Thus, for example, if the PV is $24,323.55 write 24324 in the answer box.
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