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3) A company has 2 projects that are mutually exclusive (i.e. choose one or the other). The details of the projects are as follows: Project

3) A company has 2 projects that are mutually exclusive (i.e. choose one or the other). The details of the projects are as follows: Project A Project B Initial Outlay $30,000 $40,000 Project life 4 years 5 years Annual cash inflow $10,000 $15,000 Which project should the company choose

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