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An investor is considering a project which requires an outlay of 3 million pounds initially (t = 0), and another outlay of one million pounds
An investor is considering a project which requires an outlay of 3 million pounds initially (t = 0), and another outlay of one million pounds after one year (t = 1). After two years time (t = 2), when the project ends, they expect an inflow of 4.5 million pounds. Assume the investor can lend and borrow at the same fixed rate of 7.13% per annum. The project is profitable. O True O False
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