Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The following table gives the cash flows for Project A and Project B:
Year | Project A | Project B |
0 | -3000 | -4000 |
1 | 1000 | 1500 |
2 | 1000 | 1800 |
3 | 2500 | 2000 |
If the discount rate is 15%, which project should we invest in?
Project A
Project B
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