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Suppose the following two independent investment opportunities are available to Woodland, Inc. The appropriate discount rate is 12 percent. a. Compute the profitability index for

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Suppose the following two independent investment opportunities are available to Woodland, Inc. The appropriate discount rate is 12 percent. a. Compute the profitability index for each of the two projects. (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) b. Which project(s) should the company accept based on the profitability index rule

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