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a firm can invest $5 million today in order to receive two payments. the first payment, $700,000 occurs exactly 3 years from today; the second
a firm can invest $5 million today in order to receive two payments. the first payment, $700,000 occurs exactly 3 years from today; the second payment, $5 million, occurs exactly 6 years from today. Question: Should the firm make this investment? Yes or no, then evaluate using the NET PRESENT VALUE criterion and a discount rate of 6%.
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