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5) Travis International has a one-time expense of $2.86 million that must be paid three years from now. Since the firm cannot raise that amount

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5) Travis International has a one-time expense of $2.86 million that must be paid three years from now. Since the firm cannot raise that amount in one day, it wants to save an equal amount each month over the next three years to fund this expense. If the firm can earn 2.1 percent on its savings, how much must it save each month? A) $91 ,300.05 B) $73,901.15 C) $77,037.69 $87,411.08 F) $78.416.20 CIr a018 inancial Management, Finance 3123 . Brian Blank, Ph.D March 6,20 6) Which one of the following methods determines the amount of the change a proposed project will have on the value of a firm? A) Payback. B) Internal rate of return. C) Profitability index. D) Discounted payback. E) Net present value. 39117.2

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