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NPV unequal tives. Grady Enterprises is looking at two project coportunities for a parcel of land the compary currently osns. The first project is a

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NPV unequal tives. Grady Enterprises is looking at two project coportunities for a parcel of land the compary currently osns. The first project is a restaurant, and the second project is a sports facility. The propected eash fow of the restaurant is an initial cest of $1,580,000 with cash flows over the next six years of $170,000 (year ane), $270,000( (year two), $300,000 (years three through five), and $1,750,000 (year s1, at which point Grady plans to sell tho restaurant. The sports faclity has the following cash foes: an inital cost of $2,380,000 with cash fows over the next four yoars of $390,000 (ynars oce through theee) and $2,570.000 (year four), at which point Grady plans to sel the fackly. If the approptiate discount rate for the restaurant is 9.5% and the appropriate discount decisch thanget

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