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Consider the following investment project: Suppose the company's reinvestment opportunities change over the life of the project as shown in the preceding table (i.e. the
Consider the following investment project: Suppose the company's reinvestment opportunities change over the life of the project as shown in the preceding table (i.e. the firm's MARR changes over the life of the project). For example, the company can invest funds available now at 8% for the first year, 5% for the second year, and so forth. Calculate the net present worth of this investment
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