A project has an initial cost of $40,000, expected net cash inflows of $10,000 per year for 8 years, and a cost of capital of 14
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Answer: The answer is given below.
Step-by-step explanation: We are given an equality involving logarithm and we are to show the implication of L.H.S. to R.H.S.
We will be using the following two properties of logarithm:
The proof is as follows:
Hence proved.
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