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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. Click here to view PV tables. (a) Calculate the net present value of both projects. (Use the above table.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275.) Net present value $ Save for Later Project Turtle Project Snake Attempts of

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