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The following are the cash flows of two projects: Year Project A Project B 0 $ (390 ) $ (390 ) 1 220 290 2

The following are the cash flows of two projects:

Year Project A Project B
0 $ (390 ) $ (390 )
1 220 290
2 220 290
3 220 290
4 220

a. Calculate the NPV for both projects if the opportunity cost of capital is 17%.

Project A:

Project B:

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