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1. An investment project will offer you $1,000 in first three years, $1,500 in fourth year, and $2,000 in the following two years. The annual

1. An investment project will offer you $1,000 in first three years, $1,500 in fourth year, and $2,000 in the following two years. The annual compounding rate is 8%. The cost of the project is $6,000.00 today. Should you buy the project?

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