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1. Callaway Associates, Inc. is considering the following mutually exclusive projects. Callaway's Cost of capital is 10% Year Project A Project B 0 ($75,000) ($75,000)

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1. Callaway Associates, Inc. is considering the following mutually exclusive projects. Callaway's Cost of capital is 10% Year Project A Project B 0 ($75,000) ($75,000) 1 $48,000 $65,000 2 $24,000 $28,000 3 $24,000 $ 0 4 $14,000 $ 15,000 a. b. Calculate each project's NPV and IRR. Which project should be undertaken? Why

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