Rommel Fabrics is considering an investment proposal with a negative net present value of $50 when a
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Rommel Fabrics is considering an investment proposal with a negative net present value of $50 when a discount rate of 9 percent is used. The same proposal has a positive net present value of $400 when a discount rate of 8 percent is used. What conclusions can be drawn about the estimated return of this proposal?
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Related Book For 
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781260247930
19th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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