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1. Which of the following two projects is better considering the time value of money? Assume both projects are equally risky, and the risk-based required

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1. Which of the following two projects is better considering the time value of money? Assume both projects are equally risky, and the risk-based required rate of return is 15%. Both projects promise the required return. Cash Flows Project Year 1 Year 2 X $5 $10 Y $10 $4.50

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