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7.27 You are considering an investment that costs $4,500. It is expected to have a useful life of three years. You are very confident about
7.27 You are considering an investment that costs $4,500. It is expected to have a useful life of three years. You are very confident about the revenues during the first two years but you are unsure about the revenue in year 3 . If you hope to make at least a 15% rate of return on your investment ($4,500), what should be the minimum revenue in year 3
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