King Pharmaceuticals is considering a drug project that costs $1.8 million today and is expected to generate
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King Pharmaceuticals is considering a drug project that costs $1.8 million today and is expected to generate end-of-year annual cash flows of $235,000 forever. At what discount rate would the company be indifferent between accepting or rejecting the project?
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Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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