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Flip A Coin A recent MSU grad has decided to open a hot pretzel stand in Times Square in New York. She has bought a

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Flip A Coin A recent MSU grad has decided to open a hot pretzel stand in Times Square in New York. She has bought a cart for $20,000 that has an estimated useful life of 4 years. She wants to make sure she gets the money back she spent on the cart plus an additional $40,000 by the time the cart becomes useless. She does not want to have to compute a required rate of return. Which is the most appropriate project evaluation method for her to use given the above information? Multiple Choice Net Present Value Payback Period Internal Rate of Return

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