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Following is information on two alternative investments being considered by Jolee Company. The company requires a 8% retum from its investments. (FV of $1, PV
Following is information on two alternative investments being considered by Jolee Company. The company requires a 8% retum from its investments. (FV of $1, PV of $1, FVA of $1 and PVA of $1). (Use appropriate factor(s) from the tables provided.) Project B $(186,325) $(150,960) Project A Initial investment Expected net cash flows in year: 46,000 59,000 82,295 92,400 74,000 44,000 56,000 60,000 81,000 20,000 2 4 5
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