($3,351,679) Net Income 52.232,113 52,678,535 $3,214,242 $3,857,090 $4,628,509 $4,628,509 Horizon Value (Gordon Growth Model)' 335.485.233 Dacount Rate: 17% Leaptenn growth rate 4% Days 259 624 989 1,354 1.719 1,719 Present Value Factors 1.0000 0.8946 0.7646 0.6535 0.5585 0.4774 0.4