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At current prices and a 10 percent cost of capital, a project's NPV is $100,000. By what minimum amount must the initial cost of the
At current prices and a 10 percent cost of capital, a project's NPV is $100,000. By what minimum amount must the initial cost of the project decrease (revenues will be unchanged) before you would prefer to wait two years before investing?
$26,000
$21,000
$27,690
$29,380
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