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You are considering investing in a venture to build a new app for Apple handheld devices. You are going to have to buy equipment which
You are considering investing in a venture to build a new app for Apple handheld devices. You are going to have to buy equipment which you believe will cost roughly $2,000. You expect the app will generate the following cash flows. If you expect an appropriate discount rate to be 10%, should you undertake this venture?
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