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(3C) An investor is given the opportunity to invest in Project X and Y. Using the interest rate of 10% (compounded annually), calculate the net

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(3C) An investor is given the opportunity to invest in Project X and Y. Using the interest rate of 10% (compounded annually), calculate the net present values (express up to two decimal points) and decide if each project is worthwhile. (0) Project X: it costs 10,000 now and pays back 15,000 at the end of 5 years. 4 marks (10) Project Y: it costs 15,000 now and pays back 25,000 at the end of 5 years. 4 marks

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