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A five-year investment project has the following estimated cash flows. Year 0 Cost of capital equipment $95,000 Years 1 - 5 Annual revenue $80,000 per annum Years 1 - 5 Annual cash expenditures $50,000 per annum The cost of capital is 11%.
To which of the following variables is the investment least sensitive? A. Project duration. B. Cost of capital equipment. C. Annual revenue. D. Annual cash expenditures. |