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If she undertakes the investment, it will pay $36,000 at the end of each of the next three years. The opportunity requires an initial investment
If she undertakes the investment, it will pay $36,000 at the end of each of the next three years. The opportunity requires an initial investment of $9,000 plus an additional investment at the end of the second year of $45,000. What is the NPV of this opportunity if the cost of capital is 8% per year? Should Marian take it
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