2. You have a project costing ($1.50) that will produce two widgets, one each the first and...
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2. You have a project costing \($1.50\) that will produce two widgets, one each the first and second years after project completion. Widgets today cost \($0.80\) each, with the price growing at 2% per year. The effective annual interest rate is 5%. When will you invest? What is the value today of the project?
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Related Book For 
Derivatives Markets Pearson New International Edition
ISBN: 978-1292021256
3rd Edition
Authors: Robert L. Mcdonald
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