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QUESTION
4. Payback and Internal Rate of Return A project has perpetual cash flows of C per period, a cost of I, and a required return of R. What is the
4. Payback and Internal Rate of Return A project has perpetual cash flows of C per period, a cost of I, and a required return of R. What is the relationship between the project's payback and its IRR? What implications does your answer have for long-lived projects with relatively constant cash flows?
4. Payback and Internal Rate of Return A project has perpetual cash flows of C per period, acost of I, and a required return of R. What is the relationship between the project's payback andits...