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QUESTION Given two opportunities (A & B) to invest in a Project expected to have an indefinite life, attracting a cost of capital i, and

QUESTION Given two opportunities (A & B) to invest in a Project expected to have an indefinite life, attracting a cost of capital i, and requiring different initial investments PA PB , as well as periodic upgrades costing CA CB (constant over time) every nA nB periods, describe how you would proceed to decide which one to implement ?

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