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  3. a project has the following cash flow pattern in y

A project has the following cash flow pattern in years 0 through 5: -50,000; 14,000;...

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A project has the following cash flow pattern in years 0 through 5: -50,000; 14,000; 16,000; 18,000; 19,000 and 20,000. The rate of return (96) at which the net present value = zero is

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