Apple invested $10,495 in the current year to expand its manufacturing capacity. Assume that these assets have
Question:
Apple invested $10,495 in the current year to expand its manufacturing capacity. Assume that these assets have a 10-year life and generate net cash flows of $3,000 per year, and that Apple requires a 7% return on its investments. (Apple $s in millions.)
Required
1. Compute break-even time.
2. Compute the net present value of this investment.
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