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36. Your firm is considering two investment projects with the following patterns of expected future net after-tax cash flows: Year 1 12 3 Project A
36. Your firm is considering two investment projects with the following patterns of expected future net after-tax cash flows: Year 1 12 3 Project A $2 million $3 million $1 million Project B $1 million $2 million $3 million The appropriate cost of capital for both projects is 6%. If both projects require an initial outlay of $1.5 million, which is the better project? (4 pts)
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