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You are considering a 3-year project, which requires 2.8 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 2.8 million investment this year. The free cash flow in each of the following 3 years is 3.6 million. The cost of capital is 19%. Its equivalent annual benefit is closet to?
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