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20. Which of the following mutually exclusive investments would you choose if your required return is 18% ? 21. Which investment would you choose if

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20. Which of the following mutually exclusive investments would you choose if your required return is 18% ? 21. Which investment would you choose if the required return is 20% ? 22. Which investment would you choose if the required return is 14% ? 23. Challenge question: What would Investment B's Year 4 cash flow have to be so that Investment B's NPV is thy same as Investment A's with a required return of 18%

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