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You are looking at an investment that will pay you $21,210 in year 2, $43,227 in year 4 and 549,048 in year 6. If your
You are looking at an investment that will pay you $21,210 in year 2, $43,227 in year 4 and 549,048 in year 6. If your required return is 8.62%, what is the most you should pay for the investment? (In other words, how much is the project worth today?) Suppose that 2 years ago you bought an old record player at a yard sale for $1.09. You saw today on E-bay that the same record player is selling for $30.81. If you were to sell the record play at that price today, what would be the implied return percentage? (Convert to a percent. Round to 2 decimal places
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