Given the following information, a required return of 8%, an initial investment of $45,000, and cash flows

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Given the following information, a required return of 8%, an initial investment of $45,000, and cash flows of $12,000, $20,000, $10,000 and $6,000 for years 1-4 respectively, should the investment be done?

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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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