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The cash flows for two independent projects are found below: Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Project 1 (750,000.00)

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The cash flows for two independent projects are found below: Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Project 1 (750,000.00) 65,000.00 150,000.00 215,000.00 300,000.00 325,000.00 Project 2 (1,150,000.00) 350,000.00 450,000.00 575,000.00 a. Calculate the NPV for each project with discounts rates of 5, 10 and 15% b. Whick project would you choose and why? NOTE: You must use the Excel formulas NPV in your answers

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