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Please format in Excel L04, L06 14. Problems rith Profitability Index The Michner Corporation is trying to choose between the following two mutually exclusirie desizn

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Please format in Excel

L04, L06 14. Problems rith Profitability Index The Michner Corporation is trying to choose between the following two mutually exclusirie desizn projects: 2. If the required return is 10 percent and the company applies the profiability index decision rule, which project should the firm socept? b. If the company applies the NPV decision rule, which project should it take? c. Explain whiy jour answers in parts (a) and (b) are different

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