A project requires a cash investment in the first year and generates a positive net cash flow

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A project requires a cash investment in the first year and generates a positive net cash flow in all future years. Knowing only that Janet is more patient than Michael, would you say she is more likely to undertake the project than Michael? Justify your answer.
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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