Assuming two investments have equal lives, a high discount rate tends to favor: - 3459

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Assuming two investments have equal lives, a high discount rate tends to favor: 
a.     the investment with large cash flow early.
b.     the investment with large cash flow late. 
c.     the investment with even cash flow. 
d.     neither investment since they have equal lives

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Assuming two investments have equal lives, a high discount rate tends to favor: