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each Fiftycent Inc., has hired you to advise the firm on a capital budgeting issue involving two unequal-lived, mutually exclusive projects, S and T. The

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each Fiftycent Inc., has hired you to advise the firm on a capital budgeting issue involving two unequal-lived, mutually exclusive projects, S and T. The cash flows for project are presented in the following table. Calculate the NPV and the annualized net present value (ANPV) for each project using Which project would you recommend? (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet) the firm's cost of capital of 8.1%. Project S $41,200 Project T $67,000 Initial Investment Year Cash Inflows $26,800 22,400 37,900 18,900 10,000 15,260 9,690 $17,820 25,000 37,500 2 4 5 7 The NPV for project S is $ 26364.74. (Round to the nearest cent.) The NPV for project T is $ 42759.35. (Round to the nearest cent.) The ANPV for project S is $ (Round to the nearest cent.)

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