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Coore Manufacturing has the following two possible projects. The required return is 11 percent. Year 0 Project Z -$58,000 -NM Project Y -$27,800 13,800 12,200
Coore Manufacturing has the following two possible projects. The required return is 11 percent. Year 0 Project Z -$58,000 -NM Project Y -$27,800 13,800 12,200 14,600 10,200 18,000 29,000 16,000 27,000 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 Project Y Project Z Accept project c
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