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show work in excel please An investment has a cost of $5600. The investment will have a payout of X at the end of the
show work in excel please
- An investment has a cost of $5600. The investment will have a payout of X at the end of the first year. This initial payout X will grow at the rate of 8% per year for the next 2 years, then by 6% per year for the next 4 years, then by 5% for the next 2 years, and then at the rate of 3% per year for the following 3 years. You believe the riskiness of this investment is 10%.
- Calculate the smallest X that would entice you to invest.
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