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3-15 A corporation has invested $250,000 in a project that is expected to generate $100,000 profit per year for years 1 through 5 plus a
3-15 A corporation has invested $250,000 in a project that is expected to generate $100,000 profit per year for years 1 through 5 plus a $150,000 salvage value at the end of year 5. It is proposed that the profits and salvage value from this investment will be re-invested immediately each year in real estate that is projected to have a $2,000,000 value at the end of 6 years from now. Calculate the project rate of return and growth rate of return
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