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Current Attempt in PTORES Sheridan Industries is expanding its product line and its production capacity. The costs and expected cash flows of the two independent

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Current Attempt in PTORES Sheridan Industries is expanding its product line and its production capacity. The costs and expected cash flows of the two independent projects are given in the following table. The form uses a discount rate of 15.68 percent for such projects. Year Product Line Expansion 0 $2,222,500 1 615,300 2 1,040,000 3 1,040,000 4 1,040,000 5 1,040,000 Production Capacity Expansion $6,855,600 1,958,700 1.958,700 1,958,700 3,650,400 3,650,400 a. What are the NPVs of the two projects? (Enter negative amounts using negative ston, es. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to decimal places, es. 1.525) NPV of product line expansion is $ NPV of production capacity expansion is 5 b. Should both projects be accepted? or either or neither? Explain your reasoning Sheridan should accept

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