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5. An investment requires $9,000 today, and produces the first cash flow of $300 in two years (year 2). Cash flow is expected to grow
| 5. An investment requires $9,000 today, and produces the first cash flow of $300 in two years (year 2). Cash flow is expected to grow at 3% a year after year 2. | |||||||||||||
| Question: What is the NPV of this investment if the discount rate is 7% ? / What is the rate of return of this investment? | |||||||||||||
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
