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Explain clearly and completely whether (a) cash flows of $100 in year 1, $300 in year 3, $500 in year 5 would have a higher
Explain clearly and completely whether (a) cash flows of $100 in year 1, $300 in year 3, $500 in year 5 would have a higher NPV than (b) cash flows of $100 in year 1, $300 in year 3, $500 in year 15 and why this would be the case.
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