Question: Consider the following cash flow pattern. In year zero: capital expense = $100,000; year 1 cash inflow = $25,000; year 2 cash inflow = $10,000;
Consider the following cash flow pattern. In year zero: capital expense = $100,000; year 1 cash inflow = $25,000; year 2 cash inflow = $10,000; year 3 cash inflow = $50,000; year 4 cash inflow = $60,000. This cash flow pattern is best described as a(n):
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