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Suppose the following two independent investment opportunities are available to Greenplain, Inc. The appropriate discount rate is 8 percent. a. Compute the profitability index for

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Suppose the following two independent investment opportunities are available to Greenplain, Inc. The appropriate discount rate is 8 percent. a. Compute the profitability index for each of the two projects. (Do not round intermediate calculations. Round your answers to 3 decimal places, (e.g., 32.161)) b. Which project should Greenplain accept based on the profitability index rule? Project Alpha Project Beta

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