One implication of efficient market hypothesis is that it


1. Music Company is considering investing in a new project. The project will need an initial investment of $2,200,000 and will generate (after-tax) annual cash flows of $1,250,000 for three years. Calculate the NPV for the project if the cost of capital is 13 percent. ON EXCEL

2. One implication of Efficient Market Hypothesis is that it is very difficult to beat the overall market movements in context of investments. Do you agree? explain in 200 words.

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Financial Management: One implication of efficient market hypothesis is that it
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