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Lakelord Company is considering two mutually exclusive projects, A and B. Project A costs $86215 and is expected to generate $61239 in year one and
Lakelord Company is considering two mutually exclusive projects, A and B. Project A costs $86215 and is expected to generate $61239 in year one and $66460 in year two. Project B costs $117829 and is expected to generate $54803 in year one, $69580 in year two, $60701 in year three, and $47562 in year four. The firm's required rate of return for these projects is 0.064. The net present value for Project B is
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