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A proposed investment involves projected cash savings of 300,000 per annum for ten years and has a NPV of 1m. The cost of capital is

A proposed investment involves projected cash savings of 300,000 per annum for ten years and has a NPV of 1m. The cost of capital is 10%. By what percentage could the annual savings fall before the NPV became 0 (to 1 decimal place)? Ignore taxation. a. 33.3% b. 54.2% c. 8.6% d. 84.4%

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