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You are considering a 3-year project, which requires 2.7 million investment this year. The free cash flow in each of the following 3 years is
You are considering a 3-year project, which requires 2.7 million investment this year. The free cash flow in each of the following 3 years is 3.8 million. The cost of capital is 11%. Its equivalent annual benefit is closet to
a.
2.849 million
b.
3.800 million
c.
2.695 million
d.
2.123 million
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