Chapter 4 The Value of Common Stocks

Average accounting return. Internal rate of return. Profitability index. Net present value. Consider the following after-tax cash flows of two mutually exclusive projects for the China Daily News. Year New Sunday . Early Edition New Saturday . Late Edition 0 -$1,200 -$2,100 1 600 1,000 2 550 900 3 450 800 ................
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