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Business, 18.02.2021 21:50 melissapulido198

Rite Bite has decided to produce toothbrushes. The project requires an immediate outlay of $17.5 million. In one year, another outlay of $6.5 million will be needed. The year after that, earnings will increase by $4.7 million. That profit level will be maintained in perpetuity. What will the new stock price be if the project is undertaken?

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Rite Bite has decided to produce toothbrushes. The project requires an immediate outlay of $17.5 mil...
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