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Hocus Pocus Company wants to incrase sales by adding a new product line. The company is considering three different projects. However, its capital budget is

Hocus Pocus Company wants to incrase sales by adding a new product line. The company is considering three different projects. However, its capital budget is limited to $1,500,000. In addition, the company requires a rate of return of 10%. The information concerning the three product lines is given below.
Notes: Assume all amounts stated on the budgeted income statement are cash itmes. The total capital budget is limited to $1,500,000.
\table[[Net initial investment,Broomsticks,Magic Wands,Crystal Balls],[$,1,175,000,$,1,000,000,$,2,200,000
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