1. avatar says

    Hi John,
    Thanks for answering my questions during the weekend.
    Dec2012 Q1, b), ARR, examiner added all cashflow before-tax for 4 years but didn’t discount to present value, while the initial investment $4000k is present value, why,is it correct?
    When he calculate the average annual profit he used total profit divided by 4 years, while average investment divided by 2, why?

Leave a Reply