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2. Kelly is working as a treasurer at Philadelphia, Inc. The company is evaluating three fruit gardens for juice processing facility. You are given the

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2. Kelly is working as a treasurer at Philadelphia, Inc. The company is evaluating three fruit gardens for juice processing facility. You are given the following set of cash flows. Year 0 1 2 A -$200,000 140,000 140,000 B -$400,000 260,000 260,000 -$200,000 150,000 120,000 Suppose the relevant discount rate is 12 percent a year. i. compute the IRR for each of three projects ii. Compute NPV for each of the three projects iii. If each project is independent, which project should be accepted on the basis of the profitability index rule? iv. If these projects are mutually exclusive, which project should be accepted on the basis of profitability index rule? Which one would you choose on the basis of NPV? Is it consistent with the NPV rule? v. Suppose budget for these projects is $600,000. Which projects should be selected

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