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Costcutters Corp. is considering 3 projects, A, B, and C. The cash flows for each project are shown in the table below. If the cost

Costcutters Corp. is considering 3 projects, A, B, and C. The cash flows for each project are shown in the table below. If the cost of capital is 16%, these projects are independent of each other but the company has only $40,000 to invest, find project(s) in which  the company should invest in and why? (Hint: use the capital rationing/profitability index criteria)  

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