Your boss has given you the responsibility to decide between the following two projects: Project...
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Your boss has given you the responsibility to decide between the following two projects: Project Year Million 0-$2.100 1. lo + 250 2 1,050 3 1,650 Project Billion -$70 To+850 1.650 2,500 The expected rate of return for either of the two projects is 12 percent. What is the range of initial investment (o) for which Project Billion is more financially attractive than Project Million? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Initial investment
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