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7. Company X received the approval to start no more than two projects in the current calendar year. Three different projects were recommended, each of

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7. Company X received the approval to start no more than two projects in the current calendar year. Three different projects were recommended, each of which requires an investment of $900 to be made at the beginning of the year. The cash flows (in dollars) for each of the three projects are as follows: The company uses an annual effective interest rate of 7% to discount its cash flows. Show the NPV of each project. Determine which combination of projects, if any, the company should select. Explain your reasoning

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