Darin clay, the cfo of , has to decide between the following two projects: yearproject millionproject billion
0 - $1,500 - $lo
1lo + 190 lo + 550
29901 350
31,3501 900
the expected rate of return for either of the two projects is 12 percent. what is the range of initial investment (io) for which project billion is more financially attractive than project million?