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Question Completion Status: QUESTION 1 An auto parts company is deciding whether to sponsor a racing team for a cost of $3,013,444. The sponsorshipwould last

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Question Completion Status: QUESTION 1 An auto parts company is deciding whether to sponsor a racing team for a cost of $3,013,444. The sponsorshipwould last for 9 years and is expected to have cash flows by $502,069 per year. If the discount rate is 7.47%, what willbe the change in the value of the company if it chooses to go ahead with the sponsorship

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