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Fast Plane Industries is expanding its operations. The costs and expected cash flows of two mutually exclusive projects are given in the following table. The

Fast Plane Industries is expanding its operations. The costs and expected cash flows of two mutually exclusive projects are given in the following table. The company uses a discount rate of 15.39 percent for such projects. Year Project A Project B 0 $-2,150,383 $-7,463,486 1 $624,540 $2,242,250 2 $660,800 $3,106,500 3 $966,963 $2,620,250 4 $1,025,763 $3,542,175 5 $675,063 $2,781,350 What are the NPVs of the respective projects? Should Fast Plane accept or reject the projects?

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