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no excel work (RWJ Essentials 5ed P8.14) [Profitability Index] A company is trying to choose between the following two mutually exclusive design projects: If the

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(RWJ Essentials 5ed P8.14) [Profitability Index] A company is trying to choose between the following two mutually exclusive design projects: If the required return is 11% and the company applies the profitability index decision rule, which project should the firm accept? If the company applies the NPV decision rule, which project should it take? Explain why your answers in (1) and (2) are different

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