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37. The following projects require an investment of RM120,000 and are mutually exclusive. Project White is an orchard project, while Project Black is a mining

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37. The following projects require an investment of RM120,000 and are mutually exclusive. Project White is an orchard project, while Project Black is a mining project. Calculate the Net Present Value of Project White if the firm's cost of capital is 20 percent. The two investments generate the following cash flows: Answer A. RM660 B. RM6,980 C. (RM376) D. (RM7,690)

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