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Project 5 requires an initial outiay at t=0 of $17,000, and its expected cash flows would be $4,500 per year for 5 years. Mutually exclusive

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Project 5 requires an initial outiay at t=0 of $17,000, and its expected cash flows would be $4,500 per year for 5 years. Mutually exclusive Project L requires an nitial outiay at t=0 of $25,000, and its expected cash flows would be $12,150 per year for 5 years. If both projects have a WaCC of 13%, which project would you recommend? Select the correct answer. a. Neither Project S nor L, since each project's NPV 0. c. Project L4 since the NPVL > NPVS. d. Both Projects S and L, since both projects have infis >0. e. Project S, since the NPY 5> NPVL

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