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Spreadsheet Problem on Capital Budgeting Cummings Products Company is considering two mutully exelusive investments. The projects expected net cash flows are as follows: EXPECTED NET

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Spreadsheet Problem on Capital Budgeting Cummings Products Company is considering two mutully exelusive investments. The projects expected net cash flows are as follows: EXPECTED NET CASH FLOWS PROJECIA($405) ($300)PROJECT B 134 134 134 134 134 134 (387) (193) (100) 600 600 850 (180) Answer the following related questions: a. What is each project's NPV if each project's cost of capital was 12 percent? What is each project's NPV if each project's cost of capital was 18 percent? b. What is each project's IRR? c. What is the regular payback period for each of these two projects? d. Given your answers in Parts a, b, and c above, which project should be selected

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