Uncharacteristically well-behaved moment

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Jack is looking to replace the recently sunk Black Pearl. In an uncharacteristically well-behaved moment, he considers buying a new ship with his pirate's hoard of gold. But which to buy? The Retribution costs $7,000 and should last three years, whereas the Mourning Star costs $11,000 and should last 16 years. Jack still has a discount rate of 34%.

Reference no: EM131099862

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