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Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments. (PV of $1,

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Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 Project A $(187,325) Project B $(160,960) 38,000 44,000 53,000 59,000 83,295 62,000 92,400 74,000 58,000 23,000 a. For each alternative project compute the net present value. b. For each alternative project compute the profitability index. If the company can only select one project, which should it choose?

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