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problem 22-16 A risky $28,000 investment is expected to generate the following cash flows: The probability of receiving each clish inflow is 80,70 , and
problem 22-16 
A risky $28,000 investment is expected to generate the following cash flows: The probability of receiving each clish inflow is 80,70 , and 60 percent, respectively. If the firm's cost of capital is 18 percent, should the investment be made? Use Appendix D to answer the question. Use a minus sign to enter a negative value, if any. Round your answer to the nearest dollar. NPV: \$ The investment be made Step by Step Solution
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
