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Proposals L and K each cost $ 6 0 0 , 0 0 0 , have 6 - year lives, and have expected total cash

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Proposals L and K each cost $600,000, have 6-year lives, and have expected total cash inflows of $720,000. Proposal L is expected to provide equal annual net cash flows of $170,000, while the net cash flows for Proposal K are as follows:
\table[[Year 1,$250,000
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