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Project S costs $12,000 and its expected cash flows would be $5,000 per year for 5 years. Mutually exclusive Project L costs $42,500 and its

Project S costs $12,000 and its expected cash flows would be $5,000 per year for 5 years. Mutually exclusive Project L costs $42,500 and its expected cash flows would be $13,100 per year for 5 years. If both projects have a WACC of 16%, which project would you recommend

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