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You are considering an investment that costs $4,000. It is expected to have a useful life for 3 years. You are very confident about the
You are considering an investment that costs $4,000. It is expected to have a useful life for 3 years. You are very confident about the revenues during the first and the second year, but you are unsure about the revenue in year 3. If you hope to make at least a 12% rate of return on your investment ($4,000), what should be the minimum revenue in year 3
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