Last year, a barber shop generated $100,000 in profit. assume that the shop's profits grow at 5% per year and that cash flows are discounted at 10% per year. if profits are received at the end of each year, what is the present value of all the shop's future profits?

Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor