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QUESTION
Which mutually exclusive project would you select, if Project A costs $1,000 and Project B costs $1,200 and your required return is 15% for both...
Which mutually exclusive project would you select, if Project A costs $1,000 and Project B costs $1,200 and your required return is 15% for both project: Project A with three annual cash flows of $900; or Project B with 3 three annual cash flows of $1,000?
