Question: 2 . 4 Suppose Centre Projects embarked on a project that promises to pay a lump sum of R 1 2 million in 3 years.

2.4 Suppose Centre Projects embarked on a project that promises to pay a lump sum of R12 million in 3 years. What amount should Centre Projects commit today to realise the promised lump sum? The opportunity cost of capital is assumed to be 10% per annum.
(4 marks)
2 . 4 Suppose Centre Projects embarked on a

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