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Mobil Company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with the

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Mobil Company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with the following information provided for each project: Project Turtle Project Snake Capital investment $1,105.000 $625.000 Annual cash flows 180,000 105,000 Estimated useful life 10 years 10 years Mobil Company uses a discount rate of 9% to evaluate both projects. TABLE 3 Present Value of 1 Periods 59 OS 8 OR01 9 01742 109 onong 1196 Omon 12 RODRA 150 RAOK OK154 0.12.40 0026 Calculate the net present value of both projects. Use the above table.) (Round foctor values to decimal places, eg. 1.25124 and final answers to decimal places, c.8.5,275) Project Turtle Project Snake Net present value $ 50179 48854 Calculate the profitability index for each project. (Round answers to 2 decimal places, eg. 15.25.) Project Turtle Project Snake Profitability Index

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