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77) George, Thc. is considering 3 , which are ty es. Project A is an that has an intitiat outlay or c Its future cash

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77) George, Thc. is considering 3 , which are ty es. Project A is an that has an intitiat outlay or c Its future cash inflows for years 1 through 8 ar \$38.000.Prgect B is a six-year project that has an initial outlay or cost of Its future cash inflows for years 1 through 6 are the same at George uses the (EAA) method and has a discount rate o 3. Will George project? A) George accepts Project B because it has a more positive EAA. B) George accepts Project A because its NPV (and thus EAA) is positive and Project B's NPV (and thus EAA) is negative. C) George rejects both projects because both have a negative NPV (and thus negative EAA). D) George accepts Project A because its EAA is about $2,396 and Project B's EAA is only about $1,097

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