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Bobs Burgers is considering a project with an initial cost of $8 million that would...

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Finance

Bobs Burgers is considering a project with an initial cost of $8 million that would produce cash flows of $1.5 million the first year, $2 million the second, and $2.5 million per year for the final two years. If the required return is 11.3%, should Bob do the project?

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