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Project $ requires an initial outley at t=0 of $10,000, and its expected cash flows would be $7,000 per year for 5 years. Mutually exchusive

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Project $ requires an initial outley at t=0 of $10,000, and its expected cash flows would be $7,000 per year for 5 years. Mutually exchusive Project L requires an initial outioy at t=0 of $33,500, and its expected cash flows would be $7,500 per year for 5 years. If both projects hove a wacc of 15%, which project would you recommend? Select the correct answer. a. Project 5 since the NPVs> NPV. b. Both Projects S and L since both projects have NPV's >0. c. Neither Project 5 nor L since each projects NPV 0. e. Project L since the NPV > NPVs

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