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Sonia is buying a project that will return $ 1 2 0 , 0 0 0 ? year for the first 5 - years, and
Sonia is buying a project that will return $ year for the first years, and $ year for the next
years. She invests only if she can earn at least a annualized return on any project. What is
the maximum price she should pay to own this project?
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