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Business, 26.11.2019 05:31 wolffee895

Sunny day manufacturing company is considering investing in a one-year project that requires an initial investment of $475,000. to do so, it will have to issue new common stock and will incur a flotation cost of 2.00%. at the end of the year, the project is expected to produce a cash inflow of $595,000. the rate of return that sunny day expects to earn on its project (net of its flotation costs) is to two decimal places).

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