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2. In paragraph form, define the following as it relates to the use in the above equations A. Initial Investment a. b. What is the

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2. In paragraph form, define the following as it relates to the use in the above equations A. Initial Investment a. b. What is the difference between an investment and ongoing expenses? Why is the initial investment often reflected in year 0? B. What is a hurdle rate and how/ why is it used? C. In analyzing and investment opportunity, what ratio would you most rely on to determine the best opportunity

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