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QUESTION
Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash flows of $720,000.
Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash flows of $720,000. Proposal L is expected to provide equal annual net cash flows of $120,000, while the net cash flows for Proposal K are as follows:Year 1
