2. Robert Lam is considering an offer to sell his medical practice, allowing him to...
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Accounting
2. Robert Lam is considering an offer to sell his medical practice, allowing him to retire five years early. He has been offered $500,000 now for his practice and can invest this amount in an account earning 10% per year compounded annually. The practice is expected to generate the following cash flows. Should Robert accept this offer and retire now? Give the reason for your decision. (10%)
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