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Management of Blossom Measures, Inc., is evaluating two independent projects. The company uses a 1 3 . 8 percent discount rate for such projects. The

Management of Blossom Measures, Inc., is evaluating two independent projects. The company uses a 13.8 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table.
\table[[Year,Project 1,Project 2],[0,-$8,225,375,-$9,574,872
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