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8. Consider the following investment opportunity. Initial cost Annual cash inflows Expected life $850,000 $75,000 20 years What is the rate of return on this

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8. Consider the following investment opportunity. Initial cost Annual cash inflows Expected life $850,000 $75,000 20 years What is the rate of return on this investment? Assuming the investor wants to earn at least 12 percent, is this investment an attractive one

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