Consider the following cash flows and an external rate of borrowing of 6.5% and rate...
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Consider the following cash flows and an external rate of borrowing of 6.5% and rate of investing of 10% if needed. How much should be the value of X (cash flow at the end of year 3), to the nearest dollar, such that the project's rate of return would be equal to 16% Year 0 Cash Flow $3,450 $1,350 $1,500 1 2 3 A. $650 B. $1,700 O C. $1,896 D. More than $1920
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