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An auto - parts company is deciding whether to sponsor a racing team for a cost of $ 1 million. The sponsorship would last for
An autoparts company is deciding whether to sponsor a racing team for a cost of $ million. The sponsorship would last for three years and is expected to increase cash flows by $ per year. If the discount rate is what will be the change in the value of the company if it chooses to go ahead with the sponsorship in dollarsround your answer to two decimal places
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