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An auto-parts company is deciding whether to sponsor a racing team for a cost of $3061679. The sponsorship would last for 11 years and is

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An auto-parts company is deciding whether to sponsor a racing team for a cost of $3061679. The sponsorship would last for 11 years and is expected to have cash flows by $410714 per year. If the discount rate is 11.64%, what will be the change in the value of the company if it chooses to go ahead with the sponsorship

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