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(Related to Checkpoint 11.1, Checkpoint 11.3, and Checkpoint 11.4) (Net present value, profitability index, and internal rate of return calculations) You are considering two independent

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(Related to Checkpoint 11.1, Checkpoint 11.3, and Checkpoint 11.4) (Net present value, profitability index, and internal rate of return calculations) You are considering two independent projects, Project A and Project B. The initial cash outlay associated with Project A is $54,000 and the initial cash outlay associated with Project B is $72,000. The discount rate on both projects is 10.7 percent. The expected annual cash flows from each project are as follows: Year Project A Project B 0 $(54,000) $(72,000) 1 10,000 11,000 2 10,000 11,000 3 10,000 11,000 4 10,000 11,000 5 10,000 11,000 6 10,000 11,000 (Click on the icon in order to copy its contents into a spreadsheet.) Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted or not. a. The NPV of Project A is $ (Round to the nearest cent.)

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