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A project that provides annual cash flows of $ 2 0 , 0 0 0 for nine years costs $ 8 0 , 0 0
A project that provides annual cash flows of $ for nine years costs $ today.
a Is this a good project if the required return is percent?
b What if it's percent?
c At what discount rate would you be indifferent between accepting the project and rejecting itHint: Apply the trial and error method to find an integer that brings the NPV as close to zero as possible.
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