17. Consider the following project: Period 0 1 2 3 Net cash flow 100 0 78.55 78.55...
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17. Consider the following project:
Period 0 1 2 3 Net cash flow ⫺100 0 78.55 78.55 The internal rate of return is 20%. The NPV, assuming a 20% opportunity cost of capital, is exactly zero. Calculate the expected economic income and economic depreciation in each year.
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