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A company is wanting to build a new factory. The factory, if built, will yield the company $300 million in 7 years and it could
A company is wanting to build a new factory. The factory, if built, will yield the company $300 million in 7 years and it could cost $220 Million today to build. The company will build the factory if the interest rate is...... A) no less than 5.81% B) no less than 4.53% C) no greater than 5.81% D) no greater than 4.53% Can you also explain the formula and how I would go about answering this question please? Thank you
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