Multiple Choice
Dobson Construction has an investment project that would cost $150,000 today and yield a one-time payoff of $167,000 in three years.Among the following interest rates,which is the highest one at which Dobson would find this project profitable?
A) 5 percent
B) 4 percent
C) 3 percent
D) 2 percent
Correct Answer:
Verified
Correct Answer:
Verified
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