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The director of the capital budgeting for Giant Inc. has identified two mutually exclusive projects, L and S, with the following expected net cash flows:

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The director of the capital budgeting for Giant Inc. has identified two mutually exclusive projects, L and S, with the following expected net cash flows: Both projects have a cost of capital of 12 percent. What is Project L's NPV? $49.19 $43.25 $13.70 $21.50 $11.91

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