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Wally's Walleyes wants to introduce a new product that has a start - up cost of $ 7 , 8 0 0 . The product

Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?

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