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Consider two projects, Project J and Project K, with the following end of year cash flows: End of year cash flows n Year Project Project

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Consider two projects, Project J and Project K, with the following end of year cash flows: End of year cash flows n Year Project Project K -$20,000-$20,000 1 $11,000 $10,000 2 $9,000 $6,000 3 $6,000 $10,000 If these projects are mutually exclusive and have a cost of capital of 10 percent, the appropriate decision is to: (Hint: Should we use NPV or IRR in this situation?) O accept Project and reject Project K. O reject Project and accept Project K. O accept both projects, O reject both projects

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