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Anna and Clark are both considering investing in a project that costs $ 2 5 , 5 0 0 and is expected to produce cash

Anna and Clark are both considering investing in a project that costs $25,500 and is expected
to produce cash inflows of $15,800 in Year 1 and $15,300 in Year 2. Anna has a required
return of 8.5 percent but Clark demands a return of 12.5 percent. Who, if either, should
accept this project?
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