Total distance = 4 + 6 + 32 = 42 km Time taken individually: => 4/2 = 2 hr => 6/2 = 3 hr => 32/8 = 4 hr Average speed of man = Total distance/ Total time => 42/9 = 4(2/3) kmph
The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
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