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Consider the XYZ Project, which requires an investment of $1

Finance

Consider the XYZ Project, which requires an investment of $1.5 billion initially, with subsequent cash flows of $400 million, $500 million, $600 million, and $700 million. We can characterize the project with the following end-of-year cash flows. If the required rate of return of this project is 4.5%, please find out the PBP, discounted PBP & PI.

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