Multiple Choice
JCB (which makes agricultural and construction equipment) has the opportunity to purchase a new factory today that will provide them with a €50 million return four years from now. If prevailing interest rates are 6 percent, what is the maximum that the project can cost for JCB to be willing to undertake the project?
A) €43,456,838
B) €53,406,002
C) €34,583,902
D) €39,604,682
E) €50,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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