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14.2 Better Health, Inc., is evaluating two investment projects, each of which requires an up-front expenditure of $1.5 million. The projects are expected to produce

14.2 Better Health, Inc., is evaluating two investment projects, each of which requires an up-front expenditure of $1.5 million. The projects are expected to produce the following net cash inflows:

Project A

Year 1$500,000

Year 2$1,000,000

Year 3$2,000,00

Project B

Year 1$2,000,000

Year 2$1,000,000

Year 3$600,000

What is each project's NPV if the cost of capital is 10 percent? 5 percent? 15 percent?

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