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Determine the value of x, for a company's two investment alternatives to be equivalent at an interest rate of 19% per year: Option 1. Invest
Determine the value of x, for a company's two investment alternatives to be equivalent at an interest rate of 19% per year: Option 1. Invest $45 at the end of the first year. Starting from the end of 9-th(nd/rd/st) year, the company gets sales of $x for 4 years, followed by $2.7x for 6 years, and $x for 4 years. Option 2. Invest $45 at year 0, and the company starts to get sales $45 at the end of year 6, increment by 1 cumulatively until at the end of year 12 (e.g., at end of year 7 is 46)
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