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Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% 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 12% return from its investments. (PV of $1. EV of $1. PVA of $1, and EVA 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 $(184,325) Project B $(148,960) 55,000 36,000 53,000 58,000 85,295 57,000 79,400 69,000 65,000 25,000 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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