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P12-28 Capital rationing: NPV approach A firm with a 13% cost of capital must select the optimal group of projects from those shown in the

image text in transcribed P12-28 Capital rationing: NPV approach A firm with a 13% cost of capital must select the optimal group of projects from those shown in the following table, given its capital budget of $1 million. a. Calculate the present value of cash inflows associated with each project. b. Select the optimal group of projects, keeping in mind that unused funds are costly

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