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Nugget's Specialty Pet Store is considering an expansion project that would require an initial investment of $800,000. The project is expected to generate cash flow

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Nugget's Specialty Pet Store is considering an expansion project that would require an initial investment of $800,000. The project is expected to generate cash flow of $200,000 in its first year. $350,000 in its second year and $300,000 in each of its last 2 years. Apply all capital budgeting techniques learned in your FIN 3210 course and make a determination about whether Nugget's should expand. Assume the firm's cost of capital is 8%

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