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Riverbed Company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with

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Riverbed Company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with the following information provided for each: Project Turtle Project Snake Capital investment $1,175,000 $695,000 Annual cash flows 194,000 119,000 Estimated useful life 10 years 10 years Riverbed Company uses a discount rate of 9% to evaluate both projects.

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