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An investment under consideration has a discounted payback of 5 years (which means that the projects summed discounted cash flow in the first five years
An investment under consideration has a discounted payback of 5 years (which means that the projects summed discounted cash flow in the first five years is larger than the initial cost) and an initial cost of $1,500,000. If the required return is 10 percent, what is the worst-case NPV?
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