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Consider a project with the following cash flows: CF0=$100 million, CF1=$-60 million, CF2=$-60 million. Should you accept or reject the project if the discount rate

Consider a project with the following cash flows:

CF0=$100 million, CF1=$-60 million, CF2=$-60 million.

Should you accept or reject the project if the discount rate is 12%?

a) Reject
b) Accept

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