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Pharoah Industries is expanding its product line and its production capacity. The costs and expected cash flows of the two independent projects are given in

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Pharoah Industries is expanding its product line and its production capacity. The costs and expected cash flows of the two independent projects are given in the following table. The firm uses a discount rate of 17.16 percent for such projects a. What are the NPV of the two projects? (Enter negative amounts using negotive sign, es, -45.25 . Do not round discount factors Round other Intermedlate calcuiotions and final anwer to 0 decimol ploces, es. 1.525) b. Should both projects be accepted? or either? or neither

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