Question: Please solve WITHOUT USING EXCEL. Show all work. Thank you! An investment costs $2400 up front, but won't start paying off until three years from

Please solve WITHOUT USING EXCEL. Show all work. Thank you!

An investment costs $2400 up front, but won't start paying off until three years from now, at which time it will return $310 per year for a period of ten years. If your real hurdle rate is 7%, does this investment make sense

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