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considering two independent projects, Project A and Project B. The initial cash outlay associated with Project Ais $54,000 and the initial cash outlay associated with

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considering two independent projects, Project A and Project B. The initial cash outlay associated with Project Ais $54,000 and the initial cash outlay associated with Inox, and internal rate of return calculations) You are Project B is $66,000. The discount rate on both projects is 10.5 percent. The expected annual cash flows from each project are as follows: Year Project A Project B 0 $(54,000) $(65,000) 1 12,000 13,000 2 12,000 13,000 3 12.000 13,000 4 12.000 13,000 5 12.000 13,000 6 12.000 13,000 hatte a. The NPV of Project Ais (Round to the nearest cent.)

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