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Business, 22.11.2021 14:00 only1yg

An auto-parts company is deciding whether to sponsor a racing team for a cost of $1 million. The sponsorship would last for three years and is expected to increase cash flows by $532,655 per year. If the discount rate is 6.4%, what will be the change in the value of the company if it chooses to go ahead with the sponsorship (in dollars)

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