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Mobil is considering two mutually exclusive projects Project A and Project B. Each requires an initial investment of $910,000. Mobil, which has an 18% cost

Mobil is considering two mutually exclusive projects Project A and Project B. Each requires an initial investment of $910,000. Mobil, which has an 18% cost of capital, has estimated its Earnings after taxes as shown in the following table. Earnings after taxes (EAT) in

ear Project A Project B 1 150,000 450,000 2 225,000 350,000 3 300,000 250,000 4 400,000 100,000 5 200,000 150,000 6 150,000 150,000 7 150,000 125,000

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