Riggs corp management is planning to spend 650000 on a new


Riggs corp. management is planning to spend $650,000 on a new marketing campaign. They believe that this action will result in additional cash flow of $225,000 per year for the next 3 years. Should the company accept this project? Their cost of capital is 20%.

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Financial Management: Riggs corp management is planning to spend 650000 on a new
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