We have been assuming that if your income stream is Y1,Y2, your consumption stream must be the same. And if you invest, your consumption stream must be C1,C2.
However, by lending or borrowing at the market rate of interest, you can choose any point on the net present value line through A (if you don’t invest), or through B (if you do invest).
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Investment Appraisal - Principles
Investment Appraisal - Principles
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