You have been approached by a friend who is starting a


You have been approached by a friend who is starting a minor league baseball team in your city. He is seeking ten investors to put up $50,000 each. Expected net cash inflows over each of the next ten years are $350,000. You believe a proper discount rate for this investment is 20%. Should you make the investment?

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Business Management: You have been approached by a friend who is starting a
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