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Darin Clay, the CFO of Make Money.com, has to decide between the following two projects: Project Million O $2,600 1 bot 300 2 1,100 3
Darin Clay, the CFO of Make Money.com, has to decide between the following two projects: Project Million O $2,600 1 bot 300 2 1,100 3 1,900 Project Billion -$1. + 1,100 1,900 3,000 The expected rate of return for either of the two projects is 14 percent. What is the range of initial investment (l.) for which Project Billion is more financially attractive than Project Million? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Initial investment
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