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Mitchell Investments has offered you an investment opportunity. If you invest $30,000 today you will receive the following cash-flows: *$6,000 each year from years 1
Mitchell Investments has offered you an investment opportunity. If you invest $30,000 today you will receive the following cash-flows:
*$6,000 each year from years 1 through 5
*$3,000 each year from years 6 through 10
*$2,000 each year from years 11 through 20
If you required a 9% return on your investments, would this be a good investment opportunity? Show your work and justify your answer.
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