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Suppose the following two independent investment opportunities are available to Greene, Inc. The appropriate discount rate is 12 percent. Year Project Alpha -$6, 300 3,

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Suppose the following two independent investment opportunities are available to Greene, Inc. The appropriate discount rate is 12 percent. Year Project Alpha -$6, 300 3, 200 3,100 1,900 Project Beta -$7, 900 1,800 6, 300 4,900 1 2 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.) Profitability Index Project Alpha Project Beta Which project(s) should the company accept based on the profitability index rule? O Project Beta O Neither project O Both projects O Project Alpha

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