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Assume that you are the CFO at Porter Memorial Hospital. The CEO has asked you to analyze two proposed capital investments--Project X and Project Y.

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Assume that you are the CFO at Porter Memorial Hospital. The CEO has asked you to analyze two proposed capital investments--Project X and Project Y. Each project requires a net investment outlay of $10,000, and the cost of capital for each project is 12 percent. The project's expected net cash flows are as follows

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