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3. A financial manager must choose between three alternative investments. Each asset is expected to provide earnings over a three year period as described below.

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3. A financial manager must choose between three alternative investments. Each asset is expected to provide earnings over a three year period as described below. Based on the wealth maximization goal, which asset would the financial manager choose, please explain (6) Year 1 2 3 Asset 1 $21,000 17,000 7,000 $45,000 Asset 2 $ 9,000 15,000 21,000 $45,000 Asset 3 $15,000 15,000 15,000 $45,000

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