Business
Business, 14.03.2020 02:23, jordanrini

Company has an investment project that would cost $10 million today and yield a payoff of $15 million in 4 years. (Make sure to show all your work.)a. Calculate the present value if the interest rate is 11 percent. Should the firm undertake the project if the interest rate is 11 percent? Why?b. Calculate the present value if the interest rate is 10 percent. Should the firm undertake the project if the interest rate is 10 percent? Why?c. Calculate the present value if the interest rate is 9 percent. Should the firm undertake the project if the interest rate is 9 percent? Why?

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