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$ millions Google Apple Initial investment $ (23,548) $ (10,495) Annual net cash flows, years 110 $ 4,000 $ 3,000 Required rate of return on

$ millions Google Apple
Initial investment $ (23,548) $ (10,495)
Annual net cash flows, years 110 $ 4,000 $ 3,000
Required rate of return on investment 6% 7%

Compute break-even time for both companies.

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