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NPV unequalllves Singing Fish Fine Foods has $1,860.000 for capital investments this year and is considering two potential projects for the funds. Project 1 is

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NPV unequalllves Singing Fish Fine Foods has $1,860.000 for capital investments this year and is considering two potential projects for the funds. Project 1 is updating the store's dell section for additional food service. The stimated the tax cash flow of this project is $500,000 per year for the next five years. Project 2 is updating the store's wine section. The estimated annual after-tax cash flow for this project is $480,000 for the next six years. If the appropriate discount rate for the doll expansion is 9.7% and the appropriate discount rate for the wine section is 9.0%, use the NPV to determine which project Singing ah should choose for the store. Adjust the NPV for nequalives win the equivalent annual rnuty. Does the decision change? If the appropriate discount rate for the del expansion is 97%. what is the NPV of the deli expansion? (Round to the nearest cent)

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