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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 | 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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