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Cowher Co. is considering two mutually exclusive projects, Project X and Project Y. The projects are equally risky and have the following expected cash flows:

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Cowher Co. is considering two mutually exclusive projects, Project X and Project Y. The projects are equally risky and have the following expected cash flows: At what cost of capital would the two projects have the same net present value (NPV)? Show detailed calculation (if using financial mode, write out calculator inputs and functions)

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