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Darin Clay, the CFO of MakeMoney.com, has to decide between the following two projects: Year Project Million Project Billion 0 $ 2 , 9 0
Darin Clay, the CFO of MakeMoney.com, has to decide between the following two projects:
Year Project Million Project Billion
$ $ l
l l
The expected rate of return for either of the two projects is percent. What is the range of initial investment I for which Project Billion is more financially attractive than Project Million? Do not round intermediate calculations and round your answer to decimal places, eg
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