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passed on my 3rd attempt with 54%. i did not use open tuition so mmuch this time. I also attended class locally.
I had put in much effort on this paper and was so disappointed to see such a section C. December 2017 wasnt half as bad as this one. I wish I had passed then. For the adjusted payback you were meant to explain that you can adjust payback period to reduce the length of project as the longer a project last the more uncertain it becomes. Then the risk adjusted discount factor is just CAPM, the whole ungearing and then regearing process and then using the new beta in the new CAPM.
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