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Problem 1 2 . 1 7 ( Equivalent Annual Annuity ) A firm has two mutually exclusive investment projects to evaluate. The projects have the

Problem 12.17(Equivalent Annual Annuity)
A firm has two mutually exclusive investment projects to evaluate. The projects have the following cash flows:
\table[[TimeAfter-tax Cash Flow XAfter-tax Cash Flow Y],[0,-$100,000,-$80,000
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