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Coore Manufacturing has the following two possible projects. The required return is 12 percent Year Project Y -$28,500 Project Z $50,000 0 2 3 4
Coore Manufacturing has the following two possible projects. The required return is 12 percent Year Project Y -$28,500 Project Z $50,000 0 2 3 4 14,500 12.900 15.300 10,900 14,500 36,000 12,500 34.000 a. What is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Which if either of the projects should the company accept? a. Project Y Project Z b. Project Project z c. Accept project
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