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The company offers you a project that will pay you $17,000/year. If the cost of this project is $100,000, and the discount rate is assumed
The company offers you a project that will pay you $17,000/year. If the cost of this project is $100,000, and the discount rate is assumed to be 13%, how long must the cash inflows ($17,000 per year) last, before it matures, so that you will accept this project?
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