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Hodgkiss Enterprises has gathered projected cash flows for two projects. At what interest rate would the company be indifferent between the two projects? Which project

Hodgkiss Enterprises has gathered projected cash flows for two projects. At what interest rate would the company be indifferent between the two projects? Which project is better if the required return is above the interest rate? Why?

Year Project I Project J

0 -172000 -172000

1 83200 60000

2 74400 68800

3 63200 76800

4 57800 84000

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