Question: * Your borrowing rate is 9 . 1 % per year. Your lending rate is 4 . 5 % per year. A project costs $

*Your borrowing rate is 9.1% per year. Your lending rate is 4.5% per year. A project costs $4800 and has a rate of return of 8.7%. What is the minimum amount of investment capital you need to make the project worthwhile (assuming you will borrow any additional capital needed beyond your own investment capital)? Give your answer to the nearest dollar.

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