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Ramazotti SA has $1 million allocated for capital expenditures. Which of the following projects should the company accept to stay within the $1 million budget?

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Ramazotti SA has $1 million allocated for capital expenditures. Which of the following projects should the company accept to stay within the $1 million budget? How much does the budget limit cost the company in terms of forgone NPV? The opportunity cost of capital for each project is 11%.

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