Assume that a company considers undertaking a project which has a life of 7 years....
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Accounting
Assume that a company considers undertaking a project which has a life of 7 years. If the cash flows of the project are, on the average, spread evenly over the life of the project and the company has a cost of capital of 8.4%, the optimal cutoff period is closest to:
Select one: a. 4.2 years b. 3.9 years c. 5.1 years d. 6.1 years
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