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pharaoh company is considering two different, mutually exclusive expenditure proposals. Project A will cost $451,000, has an expected useful life of 11 years and a

pharaoh company is considering two different, mutually exclusive expenditure proposals. Project A will cost $451,000, has an expected useful life of 11 years and a salvage value of zero, and is expected to increase net annual cash flows by $74,000. Project B will cost $50,000. A discount rate of 9% is appropriate for both projects

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