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You are considering a 3 year project You require 9 annual return on projects of this kind of risk The project requires 1819 initial investment now and some additional investment in year 2 The

You are considering a 3-year project. You require 9% annual return on projects of this kind of risk. The project requires $1,819 initial investment now and some additional investment in year 2. The cash flows in year 1 - 3 are $1,749, $-662, and $1,157. a. Which investment criterion is appropriate in evaluating this project and why? b. What is your decision on this project? State your reasons. Round your answers to two decimal places

 

Sep 06 2020 View more View Less

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