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The following cash flows are give for the two mutually exclusive projects X and Y. The project X requires an initial following of $12,000 in

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The following cash flows are give for the two mutually exclusive projects X and Y. The project X requires an initial following of $12,000 in time '0'and project Y needs an initial investment of $10,000 in time '0'. (a) Calculate the NPV for each project using a discount rate of 12%. (b) State your accept/reject decision (c) What world be your decision if they were independent projects

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