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(a)The cash flows for two projects Alpha and Beta with differing lives are provided in the table below. If the required return is 10% pa,

(a)The cash flows for two projects Alpha and Beta with differing lives are provided in the table below. If the required return is 10% pa, which projects should be selected? Why?

0

1

2

3

4

Project Alpha

(2000)

1550

1550

Project Beta

(4800)

1820

1820

1820

1820

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