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financial math A project requiring an initial outlay of $15 000 is guaranteed to produce a return of $20 000 in three years' time. Use
financial math
A project requiring an initial outlay of $15 000 is guaranteed to produce a return of $20 000 in three years' time. Use the (a) net present value (b) internal rate of return methods to decide whether this investment is worthwhile if the prevailing market rate is 5% compounded annually. Would your decision be affected if the interest rate were 12% Step by Step Solution
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