Question 5.13: Waiting for Godot You’ve been saving up to buy the Godot Com...

Fundamentals of Corporate Finance Standard Edition

Waiting for Godot

You’ve been saving up to buy the Godot Company. The total cost will be $10 million. You currently have about $2.3 million. If you can earn 5 percent on your money, how long will you have to wait? At 16 percent, how long must you wait?

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