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PROBLEM #3 (20 points): WB. Jones Heating & Air has an equity value of $4 billion and a total asset value of $5 billion. They

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PROBLEM #3 (20 points): WB. Jones Heating & Air has an equity value of $4 billion and a total asset value of $5 billion. They are currently examining the risk and return characteristics of two potential mutually exclusive expansion projects and want to know if either is financially viable for the company. Project A is anticipated to produce a 7.65% return while project B is expected to produce a 8.44% return. A. (10 points) If the company has a benchmark required return of 7% on projects, which of the above (Project A and/or Project B), will they accept

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