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the perpetual growth rate of cash flows For example, if g 5% and r 25%, then the GMM is the present value of receiving $100 at the end of Year One, $105 at the end of Year Two, $11025 at the end of Year Three, and so on, discounted to present value at a 25 percent discount rate While we will cover the formulas for the GMM later in the chapter, for now take it as truth that the correct GMM for this series of cash flows is equal to 400, which means that for every one dollar of forecast cash flow in Year One, you should be willing to pay $400 now for the right to receive those specific cash flows If you forecast the first year s cash flow to be $10,000, then the forecast cash flows are $10,000 at the end of Year One, $10,500 at the end of Year Two, $11,025 at the end of Year Three and you should be willing to pay $10,000 400 $40,000 for the right to receive those cash flows The Gordon Model will enable you to value a mature business one for which we forecast cash flows that grow at a constant rate forever If the business already is mature, all you will need to do is forecast one year of economic cash flows, multiply that by the GMM, and check to make sure that the answer is consistent with the assumptions in the GMM We will work a numerical example of this later in the chapter At the end of the chapter, we ll discuss how to handle the valuation of a firm that is not yet mature The Gordon Model works exactly only for a company whose cash flows grow at a constant rate forever In practice, it is reasonably accurate for mature firms in relatively stable industries Even if your own company is not in this category, this method is nevertheless very important There are two reasons for this: 1 While startup firms typically experience rapid growth for a few years, that growth usually slows down to a steady state after some number of years We will still need the Gordon Model formula to value all cash flows after that point in time 2 Even for companies with more variable sales, beyond a certain point we lose our ability to forecast each year s unique high or low growth with any sort of accuracy For example, let s say that after 10 years in your busi-.

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In Xerces-C, the DOMString == operator checks to see whether two DOMString variables refer to the same object in memory, not whether they contain the same content This follows the Java model of equality testing, and the DOM classes also use it To see if two DOMStrings contain the same characters, your code should call the equals() method on one of the strings and pass the other as the argument to the function

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For our true 1st domain example we now need to do the scripting, which can be undertaken with simple ASCII-based utilities What lies ahead is not complex programming, but rather simple ingenuity in getting the desired script written, compiled, and executed so that it will repeatedly make the attempts for as long as your dictionary requires As mentioned earlier, one of the most widely used scripting tools for scripting modem communications is Procomm Plus and their ASPECT scripting language Procomm Plus has been around for many years and has survived the tests of usability from the early DOS versions to the newest 32-bit versions Also, the help and documentation in the ASPECT language are excellent Our first goal for the scripting exercise is to get a source code file with a script, and then turn that script into an object module Once we have the object module, we need to test it for usability on, say, 10 20 passwords, and then to script in a large dictionary Hence, the first step in our goal is to create an ASPECT source code file In old versions of Procomm Plus these were referred to as ASP files for the source and ASX for the object In new versions of Procomm Plus these are referred to as WAS and WSX files (source and object), respectively Regardless of version, the goal is the same: to create a script using our dialogue shown earlier that will be durable and will last for a large dictionary Creating the script is a relatively low-level exercise, and it can generally be done in any common editor The difficult part is inputting the password or other dictionary variable into the script Procomm Plus can handle external files that we will feed into the script as a password variable (say from a dictionary list) as the script is running.

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In order to use the Xerces-C library, your application needs to link in the appropriate import libraries that are built from the source distribution, depending on whether