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2. Dumb and Dumber Development Company has two mutually exclusive projects to evaluate. Assume both projects can be repeated indefinitely. The following cash flows are

2. Dumb and Dumber Development Company has two mutually exclusive projects to evaluate. Assume both projects can be repeated indefinitely. The following cash flows are associated with each proiect: The project types are equally risky and the firm's cost of capital is 12 percent. If the firm evaluates projects using equivalent annual annuity (EAA), which project should be selected

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