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15. Suppose the following projects are mutually exclusive. Using the Equivalent annual NPV approach, which project should be chosen if the appropriate discount rate is

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15. Suppose the following projects are mutually exclusive. Using the Equivalent annual NPV approach, which project should be chosen if the appropriate discount rate is 10 percent? Project CFo NPV Project Life Mars $100,000 $15,500 4 Saturn $125,000 $17,250 6 Venus $75,000 $8,250 2 Jupiter $135,000 $20,000 10

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