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A project requires an initial investment of $60,000 with a residual value of $14,000 after five years. It is estimated to yield net returns of
A project requires an initial investment of $60,000 with a residual value of $14,000 after five years. It is estimated to yield net returns of $16500 at the end of each year for five years. Should the project be undertaken at a 15% (compounded annually) required rate of return?
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