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Maine Technology has a weighted-average cost of capital of 8.42 percent and is evaluating two projects: A and B. Project A involves an initial investment

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Maine Technology has a weighted-average cost of capital of 8.42 percent and is evaluating two projects: A and B. Project A involves an initial investment of $36,500.00 and an expected cash flow of $64,200.00 in 4 years. Project A is considered more risky than an average-risk project at Maine Technology, such that the appropriate discount rate for it is 5.83 percentage points different than the discount rate used for an average-risk project at Maine Technology. The internal rate of return for project Ais 10.11 percent. Project B involves an initial investment of $70,400.00 and an expected cash flow of $110,800.00 in 5 years. Project Bis considered less risky than an average-risk project at Maine Technology, such that the appropriate discount rate for it is 1.44 percentage points different than the discount rate used for an average-risk project at Maine Technology. The internal rate of return for project Bis 9.81 percent. What is X if Xequals the NPV of project A plus the NPV of project B? $9852.68 (plus or minus $10) $20295.77 (plus or minus $10) $6169.84 (plus or minus $10) $13521.24 (plus or minus $10) None of the above is within $10 of the correct

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