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Conventional Corporation is evaluating a capital budgeting project that will generate $600,000 per year for the next 10 years. The project costs $million, and Conventional's

Conventional Corporation is evaluating a capital budgeting project that will generate \$600,000 per year for the next 10 years. The project costs $million, and Conventional's required rate of return is 11 percent. Should the project be purchased?

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