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please help Question 16 (10 points) Reece Company is presented with the following two mutually exclusive projects. The required return for both projects is 12

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Question 16 (10 points) Reece Company is presented with the following two mutually exclusive projects. The required return for both projects is 12 percent. Year Project M -$250,000 58,600 86.800 91,300 30,500 Project N -$350,000 120.300 93,200 254,800 10,400 What is the NPV for each project? Which, if either of the projects should the company accept? O NPVM - $14,125, NPVN = $11,680 accept project M NPVM = $14,125 NPV = $11,680 accept project N

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