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You are considering the purchase of a new server that would cost $1.5 million and produce cash flows of $400,000 per year for the first
You are considering the purchase of a new server that would cost $1.5 million and produce cash flows of $400,000 per year for the first two years, $500,000 per year for the next two years, and $700,000 for the final year of its life. If your required return is 12%, should you purchase the server
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