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A company is deciding between two projects that each would require an initial outlay of $30,000. Project C has annual cash flows of $6,000 for
A company is deciding between two projects that each would require an initial outlay of $30,000. Project C has annual cash flows of $6,000 for the next 9 years and then $5,000 each year for the following 8 years. Project D has annual cash flows of $4,000 for 5 years and then $9,000 for each of the following 12 years. If the firm's WACC is 9%, how much higher is the better project's NPV than the inferior project? Do not round intermediate calculations. Round answer to two decimals and include $ and comma if needed. Example: $5,555.55
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