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One You are evaluating two possible projects for your company, both of which involve the development of a new kind of computer mouse. The projects

One You are evaluating two possible projects for your company, both of which involve the development of a new kind of computer mouse. The projects are mutually exclusive, meaning that the company can invest in only one of them. Both projects require an initial investment of $32 million to be made in each of the next three years. Sales and profits will begin in the 4 th year, and this is where the two projects differ. Version A, which is more innovative, is expected to have sales in year 4 of $24 million and cash profits of $7.8 million. Profits are expected to increase 6% annually. Version B, which is less innovative but cheaper to produce, is expected to

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