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A manufacturing company is considering two investment projects: Project A and Project B. Project A requires an initial investment of $1,500,000 and is expected to

A manufacturing company is considering two investment projects: Project A and Project B. Project A requires an initial investment of $1,500,000 and is expected to generate annual cash flows of $400,000 for five years. Project B requires an initial investment of $2,000,000 and is expected to generate annual cash flows of $500,000 for six years. If the company's discount rate is 10%, calculate the net present value (NPV) and recommend which project the company should undertake.

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