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21. Payback and NPV An investment under consideration has a payback of six years and a cost of $434,000. If the required return is 12
21. Payback and NPV
An investment under consideration has a payback of six years and a cost of $434,000. If the required return is 12 percent, what is the worst-case NPV? The best-case NPV? Explain. Assume the cash flows are conventional. (Also, is there a way to solve for best case NPV as opposed to saying it is infinite)
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