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A new project will require development costs of 60 million

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A new project will require development costs of $60 million at time zero and $100 million at the end of 2 years from time zero with incomes of $40 million per year at the end of years 1,2,3 and incomes of $70, million per year at the end of years 4 through 10 with zero salvage value predicted at the end of year 10. Calculate the rate of return of this project

Reference no: EM13597373

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