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Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation ( BRC ) . Both projects require an annual return

Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation (BRC). Both projects require an annual return of 17 percent.
\table[[Year,\table[[Deepwater],[Fishing]],\table[[New],[Submarine],[Ride]]],[0,$,020,000,$?1,990,000
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