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An insurance companyis considering two possible options; The first investment option involves setting up a branch in foreign country. This will involve an immediate outlay

An insurance companyis considering two possible options; The first investment option involves setting up a branch in foreign country. This will involve an immediate outlay of $0.25m, following by investment of$0.1m at the end of one year,$0.2m at the end of two years,$0.3m at the end of three years and so on until a final investment is made of $1m in ten years time. The investment will provide annual payments of $0.5m for twenty years with the first payment at the end of the eighth year. There w

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