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An investor is thinking about investing in one of two different projects. The first opportunity will pay GhC 800 in four years and the second

An investor is thinking about investing in one of two different projects. The first opportunity will pay GhC 800 in four years and the second investment will yield GhC 1000 in 5 years time. Which investment opportunity should the investor venture in if the discount rate is 8% per annum? Explain your answer.

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