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3-4 You have a choice between the following two mutually exclusive projects. Assume cash is received at the end of the year. Enough money is

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3-4 You have a choice between the following two mutually exclusive projects. Assume cash is received at the end of the year. Enough money is available to do either project. Also assume that projects having an average return are available in any size, NCF Year 14,000 4 21.000 a. Which project would you recommend if you have a rein vestment opportunity interest rate of 10%? what is the NPV at this rate? ich project would you recommend if your reinvestment opportunity rate is 12%? What is the net present value at this rate? b. Whi c. What is the DCFROR for each project

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