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Ted Banks (TB) has an employment contract with its newly hired CEO. The contract requires a lump sum payment of $26 million to be paid

Ted Banks (TB) has an employment contract with its newly hired CEO. The contract requires a lump sum payment of $26 million to be paid to the CEO upon the successful completion of her first 3 years to cover this anticipated cash outflow and will earn 5.5% on the funds. How much must TB set aside each year?

Graham and Harvey (2021) found that___ were the 2 most popular capital budgeting methods

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