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Consider two mutually exclusive projects with the following expected cash flows : Whichever project you choose, if any, you require a return of 11% on

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Consider two mutually exclusive projects with the following expected cash flows : Whichever project you choose, if any, you require a return of 11% on your investment. a. If you apply the discounted payback criterion, which investment will you choose? (2 marks) b. If you apply the NPV criterion, which investment will you choose? ( 3 marks)

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