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Business, 08.02.2022 19:10 salvadorperez26

A start-up chemical company has an average cost of capital of 15% per year. Additionally, it has a long-term goal of making at least a 20% per year rate of return on all investments; however, because of market opportunity the ROR can be reduced for the current project by 3%. If the company acquired $50 million in venture capital, how much did it have to earn in the first year

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