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Your firm will generate $45,000 in cash flow each year for the next nine years from a new information database. The computer system needed to
Your firm will generate $45,000 in cash flow each year for the next nine years from a new information database. The computer system needed to set up the database costs $260,000. If you can borrow the funds to purchase the computer system at 814% annual interest, can you afford the new system?
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