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A 2-period investment project has the following cash flows at times t = 0, 1, and 2: -40, 47, and 22, respectively. Complete the triangle
A 2-period investment project has the following cash flows at times t = 0, 1, and 2: -40, 47, and 22, respectively. Complete the triangle for this project and then answer the following question pertaining to the bottom row of numbers; i.e., the row below the horizontal line.
Reading the numbers of the bottom row of the triangle from left to right, what is the value of the second number?
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