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15. A snack food manufacturer is planning to introduce three new products simultaneously. Investments and per-year cash flows are given for each: Initial Investment Cash
15. A snack food manufacturer is planning to introduce three new products simultaneously. Investments and per-year cash flows are given for each: Initial Investment Cash Flow per Year A. Potato chips $ 5 million $1.60 million B. Popcorn $ 2 million $0.75 million C. Granola bars $ 11 million $3.25 million Assuming that the cash flows will be received for 5 years, compute the NPV and the IRR (to the nearest integer value) for each project. Use a required rate of return of 10%. Rank-order each project from best to worst
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