Purple Rain Company is developing a new technology that has the potential of forever changing the...

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Purple Rain Company is developing a new technology that has the potential of forever changing the way that vegetables are gro

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Answer 1

Answer #1

R = [FV / PV]^1/n - 1

= [$8.7 million / $4.1 million]^1/11 - 1 = 1.0708 - 1 = 0.0708, or 7.08%

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Answer 2

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