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Year                    After tax cash flow (2 marks)                                             USD Initial cash outlay              80000 Discount rate                        10% Expected cash flow(end of the year)    Y1 = 20000                                                                      Y2 = 20000 till Y6 20000    Telex Ltd is an all-equity financed firm and is considering the following projects: Project           Beta              Expected Return A                 

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