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An auto-parts company is deciding whether to sponsor a racing team for a cost of $3369525. The sponsorship would last for 8 years and is

An auto-parts company is deciding whether to sponsor a racing team for a cost of $3369525. The sponsorship would last for 8 years and is expected to have cash flows by $529140 per year. If the discount rate is 9.34%, what will be the change in the value of the company if it chooses to go ahead with the sponsorship

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