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Business, 06.11.2020 17:10 darg3990rgp2t0r2

An investment project has an expected profit rate of 8 percent. The going rate of interest a firm can be paid is 5 percent if the firm puts the money in a savings account in the bank. Firm X would need to borrow money at 7 percent to carry out this project. Firm Y would use its own funds. Which statement is true?

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