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

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Project 5 requires an initial outlay at t=0 of $17,000, and its expected cash flows would be $5,000 per year for 5 years. Mutually exclusive Project L requires an initial outhy at t - 0 of $30,000, and its expected cash flows would be $8,750 per year for 5 years. If both projects have a WACC of 12%, which project would you recommend? Projectl Both of them Neither of them Projects

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