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Darin Clay, the CFO of MakeMoney.com, has to decide between the following two projects: ...

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Finance

Darin Clay, the CFO of MakeMoney.com, has to decide between the following two projects:

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Darin Clay, the CFO of Make Money.com, has to decide between the following two projects: Year Project Million 0 $2,900 330 1,130 2,050 Project Billion -S1 1,250 2,050 3,300 FILL IN YOUR ANSWER WITH A COMMA FOR THOUSANDS, MILLIONS ETC AND A DOT FOR DECIMALS, do not fill in any currency sign ($. etc). So for instance, One-million-one-hundred-thousand-and-fourty euros and 50 cents would be 1,100,040.50. For percentages use a dot and NO % sign. For instance if you think an answer is seven per cent and 22 hundredths, write 7.22 Required: The expected rate of return for either of the two projects is 14 percent. What is the range of initial investment (.) for which Project Billion is more financially attractive than Project Million? FILL IN THE INITIAL INVESTMENT AS A POSITIVE NUMBER, SO DO NOT PUT A MINUS SIGN IN FRONT OF YOUR ANSWER (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Initial investment

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