If the target rate of return is 14% and an investment opportunity costing $75,000 provides yearly cash
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If the target rate of return is 14% and an investment opportunity costing $75,000 provides yearly cash flows of $25,000 in year 1; $23,000 in years 2 and 3; and $17,000 in year 4, what should an investor do and why? The investment is considered relatively safe.
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