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Project $ costs $19,000 and its expected cash flows would be $6,000 per year for 5 years. Nutually exclusive Project L costs $35,000 and its

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Project $ costs $19,000 and its expected cash flows would be $6,000 per year for 5 years. Nutually exclusive Project L costs $35,000 and its expected cash flows would be $14,650 per year for 5 vears. If both projects have a WACC of 13%, which project would you recommend? Select the correct answer. a. Boch Projects 5 and L, since both projects have ifR's >0. b. Project L since the NPV > NPVS. C. Both Projects 5 and L, since both projects have NPV s>0. d. Neither Project 5 nor L since each projects NPV NPV

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