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FastTrack Bikes, Inc. is thinking of developing a new composite road bike. Development will take six years and the cost is $202,200 per year. Once
FastTrack Bikes, Inc. is thinking of developing a new composite road bike. Development will take six years and the cost is $202,200 per year. Once in production, the bike is expected to make $302,433 per year for 10 years. The cash inflows begin at the end of year 7 For parts a-c, assume the cost of capital is 9.7%
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