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The following diagram depicts the NPV profile for an investment that costs $ 6 2 , 0 0 0 and produces annual cash flow of
The following diagram depicts the NPV profile for an investment that costs $ and produces annual cash flow of $ for four years.
The firm has performed an analysis and determined that it will accept the project. What can you say about the firm's discount rate?
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Corporate Financial Management
Authors: Julian Ralph Franks, Harry H. Scholefield
2nd Edition
0566020548, 978-0566020544
