Question: Daytime doughnuts is considering a squadcar catering project with an initial cost of $65,000. The cash inflows will be an annuity of $4,000 every six

Daytime doughnuts is considering a squadcar catering project with an initial cost of $65,000. The cash inflows will be an annuity of $4,000 every six months for the next 20 years, begginning 6 months from now. The appropriate discount rate is 12%. Is this a good investment?

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