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Could you please answer this question? I am running short on time and I would like a solution to this problem and reason for studying
Could you please answer this question? I am running short on time and I would like a solution to this problem and reason for studying purposes.
An investment costs $10,000 and offers annual cash inflow of $1,770 for ten years. According to both the net present value and internal rate of return methods of capital budgeting, should the firm make this investment if its cost of capital is (a) 10 percent (b) 14 percent?
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