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Burns and Nuble is considering an investment in a project which would re- quire an initial outlay of $320,000 and produce expected cash flows in

Burns and Nuble is considering an investment in a project which would re- quire an initial outlay of $320,000 and produce expected cash flows in years 1-5 of $87,385 per year. You have determined that the current after-tax cost of the firm

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