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a firm has an opportunity to invest in a project that will generate $55,000 per year for the next 10 years and requires an initial

a firm has an opportunity to invest in a project that will generate $55,000 per year for the next 10 years and requires an initial investment of $300,000. the firm will need to raise equity to pay for the project, but the flotation costs are 10% of the funds raised. if the firm's discount rate is 11%, should they invest in this project?

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