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Project Turtle Project Snake Capital investment $1,200,000 $720,000 Annual cash flows 199,000 124,000 Estimated useful life 10 years 10 years Culver Company uses a discount
Project Turtle Project Snake Capital investment $1,200,000 $720,000 Annual cash flows 199,000 124,000 Estimated useful life 10 years 10 years Culver Company uses a discount rate of 9% to evaluate both projects. Click here to view PV tables. (a) Calculate the net present value of both projects. (Use the above table.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275.)
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