How can the cost of capital be used as a discount rate in, Financial Management

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How can the cost of capital be used as a discount rate in

1. How can the cost of capital be used as a discount rate in analyzing investments?

2. You are considering an annuity which costs $98,267 today. The annuity pays $6,700 a year. The rate of return is 6 percent. What is the length of the annuity time period? (Do not round intermediate calculations.)

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