Question
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $14,477.00 exactly 3.00 years from today. Assuming that Derek
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $14,477.00 exactly 3.00 years from today. Assuming that Derek believes the appropriate discount rate is 15.00%, how much is he willing to pay for this money machine?
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Corporate Finance For Dummies
Authors: Michael Taillard
2nd Edition
1119850312, 978-1119850311
