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Consider the following capital budgeting problem, you invest 100 in a machine and expect to receive $39 in each of the next three years. The
Consider the following capital budgeting problem, you invest 100 in a machine and expect to receive $39 in each of the next three years. The discount rate is 10%.
Suppose you decide to invest in the machine. What would you be willing to sell the machine for the day after you bought it for $100?
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