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Assume that a manufacturing company borrowed $170 million for its new construction project at an interest rate of 8% per year. The loan will be

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Assume that a manufacturing company borrowed $170 million for its new construction project at an interest rate of 8% per year. The loan will be repaid in equal payments at the end of each year over a 15 -year period. What is the amount of the annual payment? a) $36.276 Million b) $19.856 Million c) $29.114 Million d) $23.274 Million To be attractive, a capital project must provide a return that exceeds a minimum level established by the organization. This minimum level is reflected in a firm's Minimum Attractive Rate of Return. True False

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