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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

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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 each project are presented in the following table. Calculate the NPV and the annualized net present value (ANPV) for each project using the firm's cost of capital of 9.0%. Which project would you recommend? (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Initial Investment Year 1 2 3 4 5 6 7 Projects Project T $42,000 $67,500 Cash Inflows $17,750 $26,400 24,600 22,600 36.800 37,000 19,700 10.900 15,350 9,780

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