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Annual cash inflows that will arise from two competing investment projects are given below: The discount rate is 11%. Click here to view Exhibit 13B-1

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Annual cash inflows that will arise from two competing investment projects are given below: The discount rate is 11%. Click here to view Exhibit 13B-1 and Exhibit 13B-2. to determine the appropriate discount factors) using tables. Required: Compute the present value of the cash inflows for each investment. Each investment opportunity will require the same initial investment. (Round discount factor(s) to 3 decimal places.)

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