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Suppose the management of a corporation has a choice of several different projects to choose from due to excess profits. One-third of the shareholders want
Suppose the management of a corporation has a choice of several different projects to choose from due to excess profits. One-third of the shareholders want the management to pursue Project A, about one-third want the management to pursue Project B, and about one-third want the corporation to declare a dividend for the shareholders. How should the corporation decide which course of action to take?
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