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Consider the following cash flows of two mutually exclusive projects for Spartan Rubber Company. Assume the discount rate for both projects is 8 percent. Year

Consider the following cash flows of two mutually exclusive projects for Spartan Rubber Company. Assume the discount rate for both projects is 8 percent. Year Dry Prepreg Solvent Prepreg 0 $ 1,810,000 $ 805,000 1 1,111,000 430,000 2 922,000 710,000 3 761,000 412,000

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