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Do It! Review 26-3 Ranger Corporation has decided to invest in renewable energy sources to meet part of its energy needs for production. It is

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Do It! Review 26-3 Ranger Corporation has decided to invest in renewable energy sources to meet part of its energy needs for production. It is considering solar power versus wind power. After considering cost savings as well as incremental revenues from selling excess electricity into the power grid, it has determined the following. Click here to view PV table. Solar Wind Present value of annual cash flows $51,680 $131,150 Initial investment $39,800 $105,400 Determine the net present value and profitability index of each project. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round present value answers to 0 decimal places, e.g. 125 and profitability index answers to 2 decimal places, e.g. 15.25. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Solar Wind Net present value Profitability index Which energy source should it choose? The company should choose energy source. By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER % Earn Maximum Points available only if you answer this question corrector in your first

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