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An expert requested for more info but this is the test question as is. I have to choose one answer from the four options I

An expert requested for more info but this is the test question as is. I have to choose one answer from the four options I have below:

Emirhan&Derindere Corp. is considering two mutually exclusive projects. First project requires an initial investment of $10,000, and the second project requires $22,000 as an initial investment. First project has an expected life of 4 years and second project has an expected life of 12 years. The firm's WACC is 10%. Use the replacement chain approach-(Extended Life Analysis) to determine the NPV of the most profitable project.

$-21,495

$-22,000

$22,936

$-16,860

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