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An auto - parts company is deciding whether to sponsor racing team for a cost of $ 3 7 6 3 5 6 3 .

An auto-parts company is deciding whether to sponsor racing team for a cost of $3763563. The sponsorshipwould last for 10 years and is expected to have cash flows by $605482 per year. If the discount rate is 9.83%, what willbe the change in the value of the company if it chooses to go ahead with the sponsorship?
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